Even more job openings were posted in October while quits stayed near record highs
Job openings rebounded to historic highs in October as strong job creation kept the labor shortage alive into the holiday season.
The report suggests the labor market remained unusually tight with millions still out of work compared to early 2020. US job growthas the Delta wave faded and companies ramped up their holiday hiring efforts. But while payroll creation surged, the latest JOLTS data shows job openings still sitting close to record highs.
Fewer employees quit their jobs than in the month prior, but just barely. Quits fell to 4.2 million in October, according to the report. That's down from the record 4.4 million quits seen in September, but it's still the third-highest quit number ever.
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