US job openings rose last month, though hiring slowed, in mixed picture for labor market

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 45 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Washington News News

U.S. News,Business

The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled.

How to score some major deals on ‘Travel Tuesday’Mayor Deegan, USL officials announce arrival of 1st women’s major league sports franchise in JacksonvilleOakleaf High School among multiple Florida schools locked down after being targeted by ‘swatting’ callsNow is the perfect time to take advantage of our latest Insider Deals that elevate your home, enhance self-care and get you into the holiday spirit.Eight chef knives worth $429 only cost $109.

Taken as a whole, Tuesday's figures suggest that the job market might be stabilizing at a modest level, with hiring moderate but layoffs uncommonly low. The unemployment rate is at a low 4.1%, even though job gains slowed sharply in October, according to the“There's a lot of cause for optimism," said Cory Stahle, an economist at Indeed, the job listings website."The fact that job openings ticked up is always an encouraging sign.

Still, the latest ratio is down from a peak of roughly two job openings per unemployed person two years ago. Businesses have pulled back from the hiring frenzy that occurred as the economy emerged from the pandemic recession. The JOLTS report is separate from the monthly jobs figures, which will be released Friday. That report is forecast to show a net gain of nearly 210,000 jobs in November, up from an anemic 12,000 in October.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines