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October job openings increase

Job openings saw an increase in October.

Job openings saw an increase in October.

The Labor Department recently released statistics showing there were 3.4 million job openings on the last business day in October, a 2.5 percent increase over the month before, showing increased demand for hiring.

The hires rate stayed at 3.2 percent in the October, and the separations rate remained unmoved at 3.1 percent, according to the Labor Department. Although the amount of job openings increased significantly, the number of openings remained 1 million below the 4.4 million when the recession started in December 2007.

Statistics also revealed that the number of job openings increased from a year earlier for total nonfarm and private, but the federal government saw an overall decrease. The Labor Department noted that job openings level increased in seven industries and fell in just two, construction and arts, entertainment and recreation.

The level of openings was up over the year in three of the four American regions. The Northeast, South, and West saw increases in job openings, which may open up opportunities for job seekers and homebuyers planning on moving into one of those areas.

North Dakota has the lowest unemployment rate in the country at 3.8 percent, followed by South Dakota, Nebraska and New Hampshire, according to the Labor Department.