Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • ROOMS:

Job openings unexpectedly fall in October to lowest level in 2 yearsf

The number of available jobs fell more than expected in October to 8.7 million, a sign the labor market is cooling in the face of higher interest rates.

U.S. job openings tumbled in October to the lowest level in more than two years, the latest evidence that the Federal Reserve's interest-rate hike campaign is continuing to cool the labor market.

The Labor Department said Tuesday there were 8.7 million job openings in October, a decreased from the downwardly revised 9.3 million openings reported the previous month. Economists surveyed by Refinitiv expected a reading of 9.3 million.

The Federal Reserve closely watches these figures as it tries to gauge labor market tightness and wrestle inflation under control. 


Still, job openings remain historically high. Before the COVID-19 pandemic began in early 2020, the highest on record was 7.6 million. There are roughly 1.5 jobs per unemployed American. 

This is a developing story. Please check back for updates.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.