Highlights of the October US Job Openings and Labor Turnover Survey:
– Prior was 5526K (revised to 5534K)
– Quits rate steady at 1.9%
– Hires rate unchanged at 3.6%
It’s a touch softer than expected but nothing that will dissuade the Fed from hiking. I was keeping an eye on the quits rate because it’s a leading indicator of wage inflation but it was unchanged.
