US job vacancies drop to two-year low in October

Down to 8.7 million

Job vacancies in the US have fallen to the lowest level in two years, with 8.7 million openings in the month of October.

This marked a drop of 617,000 vacancies and a rate of 5.3%, down 1.1 percentage points over the year, according to data from the Bureau of Labor Statistic released on Tuesday (5 December). Mixed reactions as US jobs growth surges but unemployment stalls in September The sectors with the biggest falls in vacancies in October were healthcare and social assistance (236,000), finance and insurance (168,000) and real estate and rental leasing (49,000). Job openings increased in the information sector instead, with a 39,000 rise in vacancies. The Bureau found the number of hires has rema...