Job openings increased by 333,000 in September, reaching 7.52 million, compared with the Dow Jones consensus estimate of 7.15 million. The job openings rate rose to 4.5% of the workforce, up 0.2 percentage point. The number of workers who quit their jobs surged by 321,000 to 3.36 million, while hiring increased by 131,000 to 5.4 million. Layoffs and discharges declined by 127,000 to 1.64 million. Ahead of the October nonfarm payrolls report, the consensus expects an increase of 59,000 jobs and an unemployment rate unchanged at 4.2%.
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