WASHINGTON (By Andrea Ricci) - Job openings rose in October from the prior month, government data showed on Tuesday, while the job openings rate increased.
Job openings, a measure of labor demand, rose 351,000 to a seasonally adjusted 3.4 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey. September job openings were upwardly revised to 3.0 million.
In October, the job openings rate -- a gauge of how many jobs were still open at the end of the month -- rose to 2.5 percent from an upwardly revised 2.3 percent in September.
The rate of new hires was steady at 3.2 percent, while the separations rate edged down to 3.1 percent from 3.2 percent, the Labor Department said.
With the rise in October, job openings were 44 percent higher than the trough in July 2009, just as the worst U.S. recession in decades was ending, the Labor Department said.
"Overall, the October JOLTS report shows that while job openings are continuing to improve, hiring remains subdued," said Barclays Capital economist Nicholas Tenev in a note.
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