December 10, 2020
1 min read

New Job Creation Rate Changed Little In Oct: Report

The US Department of Labour announced that the number of job openings and hirings across the country were only a little changed in October.

On the last business day of October, the number and rate of job openings were little changed at 6.7 million and 4.5 per cent, respectively, Xinhua news agency quoted the Department as saying in its announcement on Wednesday.

The number of job openings in October decreased over the year to 7.1 million, reflecting the continued impact of the raging Covid-19 pandemic on the labour market.

Job openings decreased in a number of industries with the largest decreases in retail trade, accommodation and food services, and finance and insurance.

The number and rate of hires in October were little changed at 5.8 million and 4.1 per cent, respectively.

Meanwhile, hirings increased in a number of industries over the year, with the largest surges in transportation, warehousing, and utilities and in durable goods manufacturing.

Over the month, the number of total separations increased to 5.1 million and the total separations rate was little changed at 3.6 per cent.

Over the 12 months ending in October, hirings totalled 70.4 million and separations totalled 76.1 million, yielding a net employment loss of 5.7 million.

These totals include workers who may have been hired and separated more than once during the year.

Also Read: Youtube To Take Down False News On US Election

Previous Story

Youtube To Take Down False News On US Election

Next Story

Spain to distribute tax free vaccines

Latest from Business

Trump confident of trade deal with EU

Meloni is the first European leader to visit Washington since Trump imposed, then paused, 20% tariffs on imports from the bloc Donald Trump and Giorgia Meloni talked up the chances of a

China Appoints New Trade Rep Amid Tariff War

Li Chenggang’s new role will be pivotal in shaping China’s trade strategy, especially as the country faces retaliatory measures and increased tariffs from the US. Amid ongoing trade tensions with the United
Go toTop