{"id":176746,"date":"2025-12-09T23:54:08","date_gmt":"2025-12-09T23:54:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/176746\/"},"modified":"2025-12-09T23:54:08","modified_gmt":"2025-12-09T23:54:08","slug":"job-openings-inched-up-in-october-but-labor-market-worries-persist","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/176746\/","title":{"rendered":"Job openings inched up in October, but labor market worries persist"},"content":{"rendered":"\n

Job openings ticked slightly higher in October, surpassing economists\u2019 expectations, though layoffs increased, government data <\/a>released Tuesday showed.<\/p>\n

The Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics, which showed 7.7 million jobs open at the end of October, was hotly anticipated by market watchers and economists looking for signs of whether the labor market is further deteriorating or locked in a cycle of low hiring and low firing. Economists polled by Bloomberg had projected 7.12 million openings for the month.<\/p>\n

The public hadn\u2019t received an official read on job openings and layoffs from the government since August\u2019s data <\/a>indicated a modest increase in openings, along with a decrease in hirings from the month prior. September\u2019s data, which was delayed by the government shutdown and also released Tuesday, showed approximately 7.7 million openings for the month.<\/p>\n

Layoffs rose across both months \u2014 reaching 1.85 million in October, the highest since January 2023.<\/a> Hires also decreased between September and October, as did the quits rate, viewed as a sign of workers’ deteriorating confidence.<\/p>\n

EY Parthenon Chief Economist Gregory Daco wrote on X<\/a>, “US labor market is weakening,” following the release Tuesday, noting that hiring is at the third-lowest level since Covid.<\/p>\n

Guy Berger, workforce economist and senior fellow at the Burning Glass Institute, also pointed to October’s hiring rate of 3.2%, writing on X<\/a>, “It’s a really hard time to find a job.”<\/p>\n

Learn more: How a CD can help you prepare for \u2014 and survive \u2014 a layoff<\/a><\/p>\n

Private statistics flashed warning signs that October\u2019s market may have been softer. The global outplacement firm Challenger, Gray & Christmas, for example, said this was the worst October for planned layoffs since 2003, <\/a>though the private payroll processor ADP showed a slight boost in hiring. <\/a><\/p>\n

Recent data has been more mixed<\/a>, suggesting the labor market remains frozen but isn\u2019t collapsing. A more up-to-date picture of the labor market will be posted next Tuesday, when the federal government releases the unemployment rate and payroll changes for November.<\/p>\n

Emma Ockerman<\/a> is a reporter covering the economy and labor for Yahoo Finance. You can reach her at emma.ockerman@yahooinc.com<\/a>.<\/p>\n

Sign up for the Mind Your Money newsletter<\/a><\/p>\n

Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more<\/a><\/p>\n

Read the latest financial and business news from Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Job openings ticked slightly higher in October, surpassing economists\u2019 expectations, though layoffs increased, government data released Tuesday showed.…\n","protected":false},"author":2,"featured_media":176747,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[8500,114,184,85234,37389,85,46,3534,103734],"class_list":["post-176746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bureau-of-labor-statistics","tag-business","tag-economy","tag-government-data","tag-government-shutdown","tag-il","tag-israel","tag-labor-market","tag-labor-turnover-survey"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/176746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=176746"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/176746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/176747"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=176746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=176746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=176746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}