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Economics

Longer Hiring Timelines Signal Tightening U.S. Labor Market

Employers in the U.S. are taking longer to fill job openings, a sign that the labor market is tightening as companies compete for talented workers.

Fifty-seven percent of positions went unfilled 30 days after being posted in the three months through October, a 0.8 percentage-point increase from the same period in 2013, according to a report released Monday by online job advertiser Indeed and business consultant Centre for Economics and Business Research.