Job Openings Stable, Layoffs Rise in October

Job openings in the US held steady at 7.7 million in October, with a slight increase in layoffs and a decrease in voluntary quits. This trend, along with the impact of higher interest rates and the government shutdown, has led to a cooling job market. The Labor Department will release Novembers hiring and unemployment data next week, with a predicted addition of fewer than 38,000 jobs and a potential rise in the unemployment rate to 4.5%.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.