Job openings in the U.S. rose in September, while the rate of layoffs hit a record low.
The U.S. had 5.486 million job openings in September, a modest increase from the 5.443 million reported for August but lower than the 5.831 from July, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover, or JOLTS, report.
The share of layoffs and discharges as a percentage of total employment fell to 1.1 percent, the lowest level going back to at least 2001, reports Business Insider. Layoffs decreased in health care, arts and entertainment, government, and mining and logging, according to The Wall Street Journal. The quits rate, a measure of how often people are leaving their jobs, remained unchanged at 2.1 percent.
The JOLTS report is the government’s second best measurement on the job market outside of its monthly jobs report, which showed the economy added 161,000 jobs in October.
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