© Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19), in Fort SmithWASHINGTON (Reuters) – U.S. job openings increased moderately in September and layoffs appeared to abate, pointing to a gradual labor market recovery from the COVID-19 pandemic.
Job openings, a measure of labor demand, were up 84,000 to 6.4 million on the last day of September, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS. Vacancies remained below their 7 million level in February.
The job openings rate was unchanged at 4.3% in September. Layoffs dropped 200,000 to 1.3 million. The layoffs rate fell to 0.9% from 1.1% in August.
The JOLTS report followed on the heels of news last Friday that the economy created 638,000 jobs in October, the smallest gain since the jobs recovery started in May. Employment remains 10.1 million jobs below its peak in February. Millions of people are experiencing long periods of unemployment.
Â
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
