In October 2024, U.S. job openings rose by 400,000 to 7.7 million, though hiring slowed, with a notable year-over-year decline. Separations, including quits and layoffs, remained stable, signaling a steady but shifting job market as businesses adjust their recruitment efforts. Click here for article.
Job openings increased by 400,000 to 7.7 million in October, but were down 941,000 from the previous year.
Hiring levels decreased by 501,000 year-over-year, with 5.3 million hires in October.
Quits rose to 3.3 million, primarily in accommodation and food services, while layoffs held steady at 1.6 million.
The job market shows resilience, but with a decline in the ratio of job openings to unemployed workers as businesses scale back hiring.
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