SignalDailyGlobal signals. Global context.

Market Incident

Public · Developing

AI compiled from Infoway · 3 analyzed stories

Job openings increase in September; so do number of quits: JOLTS

U.S. job openings rose to 7.523 million in September, above the 7.160 million consensus and August's revised 7.190 million, according to Bureau of Labor Statistics data. The number of quits also increased to 3.365 million from a revised 3.044 million.

Published:

Updated:

What happened

The Labor Department reported that US job openings rose by 333,000 to 7.523 million in September. Layoffs fell to 1.641 million, the lowest level in a year and a half, while hiring and the number of workers who quit also increased.

Global impact / market context

More openings and fewer layoffs suggest workers had more job options and fewer were losing jobs. This may affect how investors view the strength of the US job market, but the figures alone do not show what happens next.

What to watch

  1. Check whether job openings rise or fall in the next report; this shows whether demand for workers is changing.
  2. Check whether layoffs stay low or increase; this shows whether job losses are becoming more common.
  3. Check whether hiring and quits continue to rise or change direction; this shows whether workers are finding jobs or leaving them.

Evidence