Job Openings Steady But Hiring and Wage Growth Slow in Latest Data
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Job openings were unchanged in September at 9.6 million, per JOLTS survey data.
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Hires and total separations showed little change in September at 5.9 million and 5.5 million.
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Quits remained steady at 3.7 million while layoffs were 1.5 million.
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ADP data showed weaker than expected job growth in the private sector, adding 113K jobs in October.
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Job stayers saw median pay increase 5.7% while job switchers saw wages rise 8.4% per ADP, slowest pace since 2021.