Demand for US workers rebounded in September in a sign of a tight labour market despite the Federal Reserve’s attempts to cool the economy down with a string of rate rises.
Employers added 437,000 job vacancies in September, bringing the total number of vacancies to 10.7mn at the end of the month, according to the labour department’s Job Openings and Labor Turnover Survey, commonly known as Jolts, which was released on Tuesday.
“The huge increase in job openings was expected to slow, but the numbers show a job market that is speeding up, not slowing down,” said Layla O’Kane, an economist for analytics company Lightcast.
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