Down from a revised 5.631M (was 5.486M)
The JOLTs job openings for the month of October fell to 5.534M from a revised 5.631M last month (was 5.486).
When the number of
hires exceeds the number of separations, employment rises, even if the hires level is steady or declining.
Conversely, when the number of hires is less than the number of separations, employment declines, even
if the hires level is steady or rising. Over the 12 months ending in October, hires totaled 62.6 million and
separations totaled 60.1 million, yielding a net employment gain of 2.5 million. These totals include
workers who may have been hired and separated more than once during the year.