Labor Market: The Job Openings and Labor Turnover (JOLTs) report showed an increase of 333k job openings in September, defying market expectations of a minor decrease. (BLS) The Quits Rate increased to 2.1%, a level last seen in June of 2025. The US economy added 165k jobs in October (65k expected) along with upward revisions of 84k jobs to August and September. The unemployment rate decreased slightly from 4.2% in September to 4.1% in October. (BLS)
Be sure to check out more of last week’s leading indicators here. Stay tuned for Market Thoughts.
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