Number of job openings little changed in October at 5.5 million

Workers install doors on a Nissan Altima mid-size vehicle at the company's North America manufacturing plant in Canton, Mississippi.
Daniel Acker | Bloomberg | Getty Images

Monthly job openings — a gauge of the U.S. economy that's closely watched by Fed chair Janet Yellen — were little changed in October, the Bureau of Labor Statistics said on Wednesday.

Employers posted 5.5 million job openings, a rate of 3.7 percent, in October. The number, in-line with Thomson Reuters expectations, is slightly up from the 5.49 million in the prior month.

The bureau said the number of hires and separations were little changed at 5.1 million and 4.9 million, respectively. The bureau also said the layoffs and discharges rate was also unchanged at 1 percent.

The report from the Labor Department is a key barometer of economic conditions, measuring job postings in different sectors, and the number of hires and layoffs.

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