October 29, 2024 – 7:32 AM PDT
WASHINGTON (Reuters) – U.S. job openings fell to the lowest level in more than 3-1/2 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market conditions.
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Job openings, a measure of labor demand, dropped by 418,000 to 7.443 million by the last day of September, the lowest level since January 2021, the Labor Department’s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
Data for August was revised down to show 7.861 million unfilled positions instead of the previously reported 8.040 million. Economists polled by Reuters had forecast 8.00 million job openings. Hires increased 123,000 to 5.558 million. Layoffs rose 165,000 to 1.833 million.
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