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U.S. Job Openings Rise in October

Published 12/10/2018, 10:01 AM
Updated 12/10/2018, 10:01 AM
© Reuters.

Investing.com - The monthly Job Openings and Labor Turnover Survey, or JOLTS, showed that job openings increased in October.

Job openings, a measure of labor demand, rose by 119,000 to 7.079 million in October, the Labor Department said.

Economists had forecast job openings of 7.220 million.

There were 6.960 million openings in the prior month, a downward revision from the initial 7.009 million.

The report also indicated that, over the month, hires edged up to 5.9 million, and separations were little changed at 5.6 million.

Within separations, the quits rate was little changed at 2.3% and the layoffs and discharges rate was unchanged at 1.1%.

Latest comments

A critical piece of info, which should help to discourage the Fed on raising interest rates this month. The recent economical data clearly indicates that the U.S. economy is slowing down. There is no need to hike interest rates 4 times this year.
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