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Job Openings Decline by 284,000 But Still Near Record Highs

Summary:
On the last business day of September, the job openings level fell to 7.0 million (-284,000), after reaching a revised series high of 7.3 million in August. The job openings rate was 4.5 percent in September. The number of job openings edged down for total private (-188,000) and fell in government (-96,000). Job openings increased in health care and social assistance (+71,000). The number of job openings decreased in many industries, with the largest decreases in professional and business services (-118,000), finance and insurance (-82,000), and state and local government, excluding education (-67,000). Job openings decreased in the South region.

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On the last business day of September, the job openings level fell to 7.0 million (-284,000), after reaching a revised series high of 7.3 million in August. The job openings rate was 4.5 percent in September. The number of job openings edged down for total private (-188,000) and fell in government (-96,000). Job openings increased in health care and social assistance (+71,000). The number of job openings decreased in many industries, with the largest decreases in professional and business services (-118,000), finance and insurance (-82,000), and state and local government, excluding education (-67,000). Job openings decreased in the South region.

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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