US job openings jump in September; layoffs lowest in 1-1/2 years
US job openings rose to a four-month high in September, reaching 7.52 million and exceeding consensus expectations. Layoffs declined to their lowest level in one and a half years, according to the Labor Department's Job Openings and Labor Turnover Survey. The data points to labor market resilience ahead of the payrolls report, alongside an increase in the number of resignations to nearly three and a half years highs. Analysts noted that the current environment reflects a low hire and low fire market.
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- ✓ Job openings climbed to 7.52 million in September, up 333,000 from August.
- ✓ Layoffs fell to the lowest level in 1-1/2 years.
- ✓ There were 1.06 job openings for every unemployed person in September, up from 1.02 in August.
What changed
The release of the Labor Department's September JOLTS report revealed a jump in job openings and a multi-year low in layoffs.
Live updates
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US Job Openings Surge in September as Layoffs Drop
US job openings rose to a four-month high in September, reaching 7.52 million and exceeding consensus expectations. Layoffs declined to their lowest level in one and a half years, according to the Labor Department's Job Openings and Labor Turnover Survey. The data points to labor market resilience ahead of the payrolls report, alongside an increase in the number of resignations to nearly three and a half years highs. Analysts noted that the current environment reflects a low hire and low fire market.
Why it matters
The September employment data provides essential clues about the direction of the US economy and labor demand. Economic observers watch the JOLTS report closely to gauge wage pressures and overall hiring momentum before major employment figures are released. These figures help clarify whether labor conditions are stabilizing after a period of tepid employment gains.
What is confirmed
- Job openings climbed to 7.52 million in September, up 333,000 from August.
- Layoffs fell to the lowest level in 1-1/2 years.
- There were 1.06 job openings for every unemployed person in September, up from 1.02 in August.
What to watch next
- The upcoming payrolls report to assess broader employment trends.
- Future updates on hiring and firing rates from the Labor Department.
confidence 90%Sources used for this update (12)
- Bloomberg.com — US Job Openings Jump to Four-Month High, Layoffs Decline
- CNBC — Job openings posted big September gain in positive sign for labor market ahead of payrolls report
- Yahoo Finance — Job openings and hiring edged higher in September, but it's still a 'low hire, low fire' market
- AP News — US job postings jumped sharply in September, potentially a good sign for anyone seeking employment
- Reuters — US job openings jump in September; layoffs lowest in 1-1/2 years
- www.cnbc.com — Job openings posted big September gain in positive sign for ...
- www.marketscreener.com — US job openings jump in September; layoffs lowest in 1-1/2 ...
- finance.yahoo.com — US weekly jobless claims at 57-year lows; worker productivity surges in third quarter
- www.briefs.co — Hon Hai sales jump 46% in October as AI server demand stays strong
- www.briefs.co — Pound Gauge Hits Highest Since 2016 Ahead of BOE Decision
- www.wysl1040.com — US job openings jump in September; layoffs lowest in 1-1/2 years - WYSL NewsPower 1040
- finance.yahoo.com — US job openings jump in September; layoffs lowest in 1-1/2 years
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