US JOLTS reading declines to 10.3 million in October

US JOLTS Job Openings discreetly retreated in October. The number of job openings fell to 10.3 million on the last business day of October versus the previous reading of 10.7 million in September according to the US Bureau of Labour Statistics in its Job Openings and Labour Turnover Summary (JOLTS) released on Wednesday.

This print came in largely in line with the market expectation. “Over the month the number of hires and total separations changed little at 6.0 million and 5.7 million, respectively,” the publication further read. “Within separations, quits (4.0 million), layoffs and discharges (1.4 million) changed little”, the report noted.

The US Dollar Index slightly edged higher in an initial reaction to this report and was last seen losing 0.3% on the day at 106.52.