U.S. job openings fall to lowest level since 2021 as layoffs rise in September

U.S. job openings dropped to their lowest level since 2021, with September layoffs rising to 1.938 million from 1.85 million in August. Job vacancies fell to 7.443 million, down from 7.861 million the previous month. The decline in job openings and increase in layoffs were seen across various industries. This shift indicates a tightening labor market, contrasting with previous months of higher job availability. Steven Cress, VP of Quantitative Strategy at Seeking Alpha, emphasizes a data-driven approach to investment analysis. His work focuses on simplifying investment research for users through quantitative tools and ratings.