Jobs
US Job Openings Decline to Lowest Level Since Early 2021
- September pullback in vacancies was broad across industries
- Layoffs rose and quits fell, consistent with cooler job market
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US job openings fell in September to the lowest since early 2021 and layoffs picked up, consistent with a slowdown in the labor market.
Available positions decreased to 7.44 million from a downwardly revised 7.86 million reading in August, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 8 million openings.