US job openings, hiring in Sept point to sluggish labour market recovery

U.S. job openings increased less than expected in September while hiring fell, suggesting the labor market recovery was petering out even before a resurgence in new COVID-19 cases which is expected to slow momentum.

Though the Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS report on Tuesday showed layoffs decreasing to their lowest level in nearly 20 years, there was more than one person competing for a single vacancy. The drop is at odds with significantly high weekly unemployment claims. The worst economic.

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