Salem Radio Network News Friday, January 28, 2022

Business

U.S. job openings jump to 11 million in October

WASHINGTON (Reuters) – U.S. job openings surged in October, suggesting a recent moderation in employment growth was because of a shortage of workers rather than ebbing demand.

Job openings, a measure of labor demand, increased 431,000 to 11.0 million on the last day of October, the Labor Department said in its monthly Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This was the second highest on record.

The government reported last Friday that nonfarm payrolls increased by 210,000 jobs in November, the fewest since last December, after rising 546,000 in October. The unemployment rate fell to a 21-month low of 4.2%.

(editing by John Stonestreet)

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