Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, February 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

U.S. Employers Posted Fewer Jobs in October

U.S. employers posted fewer jobs in October than the previous month, but job openings remained at a healthy, suggesting steady hiring will extend into next year.

By DAN MCCUE

(CN) — U.S. employers posted fewer jobs in October than the previous month, but job openings remained at a healthy, suggesting steady hiring will extend into next year.

The Labor Department's Bureau of Labor Statistics reported Wednesday that posted job openings slid 1.8 percent in October to 5.5 million.

Hiring also fell to just under 5.1 million, while the number of people who quit their jobs declined to about 3 million.

Analysts said Wednesday's numbers suggest hiring with continue at a moderate pace for the foreseeable future.

Last week the Labor Department's jobs report showed employers adding 178,000 jobs last month,  on pace with the year's average monthly gain.

The same report said the nation's unemployment rate fell to a nine-year low of 4.6 percent.

Categories / Business, Economy, Employment, Government

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...