Job openings in the US skyrocketed to 11 million in October

FILE PHOTO: A restaurant advertisement job looks to attract workers in Oceanside, California
FILE PHOTO: A restaurant advertising job looks to be hiring in Oceanside, California, U.S., May 10, 2021. REUTERS/Mike Blake/File Photo

December 8, 2021

WASHINGTON (Reuters) – Job openings in the U.S. rose sharply in October, suggesting recent moderate job growth was driven by labor shortages rather than falling demand.

Employment, a measure of labor demand, increased by 431,000 people to 11.0 million on the last day of October, the Labor Department said in its Monthly Employment and Labor Revenue Survey ( JOLTS) on Tuesday. This is the second highest on record.

The government reported last Friday that nonfarm payrolls increased by 210,000 jobs in November, the least since last December, after rising 546,000 in October. The unemployment rate fell to its lowest level. in 21 months is 4.2%.

(edited by John Stonestreet) Job openings in the US skyrocketed to 11 million in October

Bobby Allyn

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