Economics
U.S. Job Openings Rose in October, Top Unemployed by 1 Million
Shoppers walk by a "Now Hiring" sign.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
U.S. job openings rebounded in October, exceeding the number of unemployed workers by 1 million, indicating demand for workers was strong before November’s slowdown in payroll gains.
The number of positions waiting to be filled rose by 119,000 to 7.08 million, after a downwardly revised 6.96 million in the prior month, according to the Job Openings and Labor Turnover Survey or JOLTS, released by the Labor Department on Monday. The quits rate fell to 2.3 percent from 2.4 percent, the first decline since January, as the number of Americans voluntarily leaving their jobs declined to 3.51 million.