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Job Openings Decline But Labor Market Remains Tight

Job Openings Decline But Labor Market Remains Tight

The labor market remains tight. There were 8.7 million job openings at the end of October, down 617,000 from September.

Why it matters: There are 2.2 million more job openings than unemployed workers.

Details: Hiring and quits remained at the same levels as in September. Businesses continue adding workers, and workers remain confident they can quit their jobs and find other ones easily.

Big picture: A smaller workforce is our new reality. Finding enough workers will be a challenge for businesses around the country and across sectors.

  • The Chamber’s America Works Initiative assists employers in filling open jobs by helping Americans get in-demand skills, supporting government reforms so more people enter the workforce, and advocating for legal immigration reform and a secure border.