US job openings ticked up to a five-month high in October, signalling to the Federal Reserve ahead of Wednesday’s interest rate decision that the domestic labour market is stabilising.
Job openings advertised by US employers — widely considered to be a proxy for labour demand — tallied 7.67mn during the month, the labour department said on Tuesday, up from 7.66mn in September.
The two monthly figures marked the first Job Openings and Labor Turnover reports since the 43-day federal government shutdown delayed and cancelled several economic data releases, prompting investors and economists to seek private-sector statistics to gauge the health of the world’s largest economy.
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