Increasing job openings in October
The number of positions waiting to be filled increased by 351,000 to 3.36 million, the most since August 2008, the Labor Department said today in Washington. Excluding a drop among government agencies, the 369,000 increase in openings at companies was the biggest in four years.
Combined with declining claims for jobless benefits and surveys showing hiring at manufactures and service providers is picking up, today’s report may help ease concern the labor market lost momentum in November. The government reported last week that the world’s largest economy created 39,000 jobs for the month, fewer than the most pessimistic forecast of economists surveyed by Bloomberg News.
There were 3.4 million job openings on the last business day of October, the U.S. Bureau of Labor Statistics reported today. The job openings rate increased over the month to 2.5 percent. The hires rate remained at 3.2 percent in October, while the separations rate was essentially unchanged at 3.1 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry and geographic region.