Job openings jump 14 percent in October

Private job openings rose 13.88 percent between September and October, and are up 39.88 percent from October 2009.

By , Guest blogger

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    This graph shows private job openings (excluding farm laborers) over the past decade (red line, left axis) and total unemployment (U6, including the underemployed and those no longer seeking work – blue line, right axis). October's 14 point jump in job openings wasn't matched by a drop in unemployment, but is a strong indicator of a recovering economy.
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Today, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” jumped 13.88% since September rising 39.88% above the level seen in October 2009 while job “hires” declined 0.61% since September but remained 6.51% above the level seen in October 2009 and job “layoffs and discharges” dropped 0.25% since September and dropping 17.86% below the level seen last year.

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