October's Job Openings Highest In Two Years

There were 3.4 million job openings on the last business day of October. In other words, 2.5 percent of all jobs were unfilled.

The quits rate (the number of people voluntarily leaving their jobs, which serves as a benchmark of how good people *perceive* the job market to be) was essentially unchanged at 3.1 percent.

Even with nearly three and a half million open jobs, the unemployment rate remains high, because the jobs aren’t where the unemployed are and they don’t require the skills unemployed people have.

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