US job vacancies drop to two-year low in October

Down to 8.7 million

Cristian Angeloni
clock • 1 min read

Job vacancies in the US have fallen to the lowest level in two years, with 8.7 million openings in the month of October.

This marked a drop of 617,000 vacancies and a rate of 5.3%, down 1.1 percentage points over the year, according to data from the Bureau of Labor Statistic released on Tuesday (5 December). Mixed reactions as US jobs growth surges but unemployment stalls in September The sectors with the biggest falls in vacancies in October were healthcare and social assistance (236,000), finance and insurance (168,000) and real estate and rental leasing (49,000). Job openings increased in the information sector instead, with a 39,000 rise in vacancies. The Bureau found the number of hires has rema...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Consumer confidence dips for first time in three months

Consumer confidence dips for first time in three months

Higher than a year ago

Cristian Angeloni
clock 23 February 2024 • 2 min read
Fiscal rules 'close to meaningless' unless sensitivity to OBR forecasts is reduced

Fiscal rules 'close to meaningless' unless sensitivity to OBR forecasts is reduced

Trio of economists tell Treasury Committee

Cristian Angeloni
clock 22 February 2024 • 5 min read
Fed officials 'highly attentive' to inflation despite recent progress

Fed officials 'highly attentive' to inflation despite recent progress

Outlook is 'uncertain'

clock 22 February 2024 • 1 min read
Trustpilot