Manufacturing sees 329K separations in October, 6K job cuts in September [Yahoo! Finance]
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Source: Yahoo! Finance
The manufacturing industry saw 329,000 job separations in October, according to the U.S. Bureau of Labor Statistics' openings and labor turnover survey results released on Tuesday That's about a 0.6% increase compared to September's separations, which saw about 327,000. Separations include quits, layoffs and discharges, according to the BLS. Despite the subsequent uptick, separations improved compared to the same period last year, when there were 332,000. Meanwhile, job openings have jumped about 6.5% month over month to 410,000, but have dropped year over year to about 10% from 455,000. Hires dropped month-to-month 4.4% to 306,000 compared to September's 320,000, and also fell YoY. The BLS' latest data includes September's results, which were not previously published due to the federal government shutdown and lapse of appropriations. The agency also delayed publishing September's employment situation report to Nov. 20 Manufacturing unemployment jumped 18.7% YoY to 571,00
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