U.S. October JOLTS Job Openings Rebound, Exceed Expectations

The October JOLTS report showed 7.744 million job openings, beating expectations of 7.519 million and marking a sharp rebound from September's low. Voluntary quits reached their highest level since May, while layoffs dropped to their lowest level since June.

However, the hiring rate hit its lowest level since June, consistent with October’s weak nonfarm payroll report, which was impacted by two major hurricanes and $Boeing (BA.US)$’s large-scale strike.

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