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US Job Openings and Labor Turnover – September 2024
The number of job openings was little changed at 7.4 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.6 million. The number of total separations was unchanged at 5.2 million. Within separations, quits (3.1 million) and layoffs and discharges (1.8 million) changed little. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. The number of job openings was little changed at 7.4 million on the last business day of ... (full story)
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Job openings fall to pre-pandemic levels
In the next four days, a firehose of data will be unleashed, providing crucial snapshots of the US economy in advance of a pivotal election and a Federal Reserve meeting. The first burst on Tuesday — a critical read on labor market activity — showed that hiring has slowed but workers still remain in demand. There were an estimated 7.4 million unfilled jobs on the last day of September, a drop from August’s revised tally of 7.86 million openings, according to new data released Tuesday by the Bureau of Labor Statistics. Economists were expecting the number of job openings to land around 7.9 million, declining ... (full story)