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US Openings Rise, Cuts Ease

US Openings Rise, Cuts Ease

The number of job openings in the United States rose by 333,000 in September to 7.523 million, exceeding economists’ expectations of 7.1 million. The vacancy rate climbed to 4.5% from 4.3% in August. Hires increased by 131,000 to 5.402 million, while layoffs fell by 127,000 to 1.641 million, bringing the layoff rate down to 1% from 1.1%. Economists say the labor market remains resilient, with both hiring and layoffs subdued, but the ongoing U.S.-Israeli war with Iran is making companies hesitant to increase hiring.

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