Job Openings Reached Five-Month High In October—As Hiring Slowed

Group 1 - The U.S. labor market is showing signs of cooling, with an expected increase in layoffs [1][2] - Job openings in the U.S. rose to 7.67 million in October, the highest level since May, surpassing August's 7.2 million [1] - Total layoffs in October reached 1.85 million, marking the highest number since early 2023, while hiring decreased by 218,000 positions to 5.15 million [2]