Markets & MacroAnalysis
US job openings rose to 7.52 million in September, but a third of the gain came from local government
US job openings reached 7.523 million in September, 333,000 more than August and above forecasts. Layoffs fell to 1.641 million and quits rose to 3.365 million. Underneath, about a third of the openings gain came from state and local government and about 60% of the rise in quits came from accommodation and food services, and the BLS itself called openings "little changed." We separate the data, our own read, and what is still unknown before Friday's payrolls report.