Reported 1 day ago
In October, US job openings rose 5% to 7.7 million from September's low of 7.4 million, signaling that businesses are still looking for workers even as hiring slows. This comes as the unemployment rate remains low at 4.1%, despite a decline in overall hiring, influenced by factors like hurricanes and strikes. The rebound in job openings, especially in sectors such as professional services and hospitality, alongside an increase in resignations, suggests a potentially stabilizing labor market.
Source: YAHOO