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U.S. job openings pulled back in October to the lowest level since early 2021, underscoring the gradual cooling in the labor market that the Federal Reserve would like to see.
Available positions decreased to 8.7 million from a downwardly revised 9.4 million in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey showed Tuesday. The figure was below all estimates in a Bloomberg survey of economists and the decline was broad-based across sectors.
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