US Job Openings Pick Up to 7.7 Million as Labor Demand Steadies
- October advance in vacancies led by business, food services
- Quits rose and layoffs eased, also showing stabilization
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US job openings picked up in October while layoffs eased, suggesting demand for workers is stabilizing.
Available positions increased to 7.74 million from a revised 7.37 million reading in September, 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 7.52 million openings.