Job openings rise slightly in October

Attendees at the Choice Career Fair in November in West Palm Beach, Fla.
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The number of open jobs in the United States rose slightly in October, the Labor Department said on Tuesday, adding another data point to the coming Federal Reserve taper decision.

The Job Opening and Labor Turnover Survey, or JOLTS, showed 3.93 million open jobs, versus 3.88 million in September.

Openings increased in the arts, entertainment and recreation industries and also in the Midwest region generally; conditions were flat elsewhere.

The otherwise obscure JOLTS report is getting extra attention this month because of next week's decision by the Fed on whether or not to trim its bond-buying program.

There are increasing signs that the beginning of the so-called taper will come next week.

The JOLTS report is also said to be one of the favorite indicators studied by Janet Yellen, President Obama's nominee to chair the Fed.

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