trending Market Intelligence /marketintelligence/en/news-insights/trending/Tjb1FTzC2WZPxICueFoLvg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

US job openings unexpectedly increased in October

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


US job openings unexpectedly increased in October

Nonfarm job openings in the U.S. unexpectedly increased month over month in October, as the pace of both hiring and separations slightly slowed, according to latest data from the U.S. Bureau of Labor Statistics.

Seasonally adjusted job openings came in at 7.3 million in October, up from 7.0 million recorded in the prior month. The consensus estimate of economists polled by Econoday was for job openings to remain unchanged at 7.0 million.

The biggest gains in job openings levels were recorded in the sectors of retail trade, finance and insurance, and durable goods manufacturing.

Hiring was virtually unchanged month over month in October at 6.0 million. Total job separations, which include resignations and layoffs, declined to 5.6 million from 5.8 million.

The job openings rate rose month over month in October to 4.6% from 4.4%, while the hires rate and separations rate ticked down 1 percentage point to 3.8% and 3.7%, respectively.

The U.S. government reported Dec. 6 that total U.S. nonfarm payroll employment grew by 266,000 in November, surpassing market expectations.