The number of job openings and people quitting their jobs ticked upward in October while layoffs edged down, signaling a modest improvement in hiring conditions amid a broader tightening in the labor market.
Job openings increased to 7.7 million from 7.3 million in September, the Labor Department reported Tuesday, with tech and information sector openings jumping to their highest level since 2022 at 208,000 available positions.
October quits came in at 3.3 million, up from 3.1 million in September and 3.2 million in August. Quits were still down on the year from 3.6 million in October, 2023.
Layoffs dropped to 1.6 million from 1.8 million in September and........