US job openings drop to more than 3-1/2 year low in September

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US job openings drop to more than 3-1/2 year low in September
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WASHINGTON, Oct 29 - U.S. job openings fell to the lowest level in more than 3-1/2 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market conditions.

Data for August was revised down to show 7.861 million unfilled positions instead of the previously reported 8.040 million. Economists polled by Reuters had forecast 8.00 million job openings. Hires increased 123,000 to 5.558 million. Layoffs rose 165,000 to 1.833 million. That would be the smallest count in six months. The unemployment rate is forecast unchanged at 4.1%. Federal Reserve officials are likely to shrug off October's employment report when they meet next month.

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