(Businesshala) – US job openings shrank in September but remained well above pre-pandemic levels as employers continue to struggle to find workers.
Job openings, a measure of labor demand, slipped to 10.4 million on the last day of September, down from a revised 10.6 million in August, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report. Economists polled by Businesshala had estimated 10.3 million job openings.
Quits increased from 164,000 to 4.4 million, a record high.
The government reported last Friday that non-farm payrolls increased by 531,000 in October, the biggest gain in three months after a 312,000 increase in September. The job growth this year has been an average of 582,000 per month.