Job openings posted big September gain in positive sign for labor market ahead of payrolls report
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Job openings surged in September, as did the number of workers who quit their positions, the Bureau of Labor Statistics reported Tuesday, while hiring also rose and layoffs dropped.
In its monthly look at labor market slack and worker mobility, the BLS reported job openings at 7.52 million, up 333,000 from August and well above the Dow Jones consensus outlook for 7.15 million.
As a share of the total workforce, the rate of job openings increased to 4.5%, up 0.2 percentage point from the prior month, according to the Job Openings and Labor Turnover Survey. There are now some 414,000 more job openings than workers classified as unemployed, or about 1.05 openings to every available worker.
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