Job Openings decrease in September

U.S. employers posted fewer job openings in September, dropping by 100,000 to 3.56 million, the fewest in 5 months.  Before the recession, more than 4 million jobs were advertised each month. For perspective, there were 12.1 million unemployed in September which means there are 3.4 people competing for each new job posting. This is compared to a vibrant economy where the ratio is 2 to 1. The number of people who quit their jobs in September fell to the lowest level in 10 months. This was seen as a negative, suggesting workers quit when they see an opportunity for a better job. The positive news was that layoffs fell.