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US job openings unexpectedly climbed to 3-month high in October as hiring failed to accelerate

Hiring coronavirus

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Job openings in the US unexpectedly rose to a three-month high in October as the pace of hiring slowed.

US openings rose by 158,000 to about 6.7 million through October, according to Job Openings and Labor Turnover Survey, or JOLTS, data published Tuesday. Economists surveyed by Bloomberg expected a drop to 6.3 million openings.

The largest gains came from the health care and social assistance industries. Openings contracted the most in the finance and trade and transportation industries.

The pace of hires was fell to 4.1% from 4.2%. The rate wavered just below 4% before the pandemic, signaling details ⇒

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