Job Openings, Resignations Unexpectedly Rise as US Labor Market Improves

‘Broadly, the job market has cooled but is still considered healthy,’ says Mark Hamrick, Bankrate’s senior economic analyst.

A now hiring sign during Black Friday at a mall in Hanover, Md., on Nov. 29, 2024. Madalina Vasiliu/The Epoch Times

Employment vacancies and employees quitting their jobs unexpectedly rose in October as new data indicate that the U.S. labor market is improving.

The number of job openings surged by 372,000 to 7.74 million, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Summary (JOLTS) report.