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October JOLTS holds September pace

A production assembly mechanic works at the GE Aviation factory in Cincinnati.
Luke Sharrett | Bloomberg | Getty Images
A production assembly mechanic works at the GE Aviation factory in Cincinnati.

The Jobs Openings and Labor Turnover Survey for October was little changed from September, the U.S. Bureau of Labor Statistics reported on Tuesday.

The 4.8 million job openings on the last business day of October was just a notch higher than the 4.7 million in September, the bureau said. While the number of job openings was little changed for the total private sector, the figure declined for government positions in October.

The hires rate in October was 3.6 percent, unchanged from September.

Total separations, including quits, layoffs and discharges, held to a slightly higher rate in October than in the previous month.

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The monthly Job Openings and Labor Turnover Survey is preferred by Federal Reserve Chair Janet Yellen as a more accurate picture of economic conditions than the weekly or monthly jobs numbers.