Two-fer Tuesday: JOLTS, factory orders
SPY•US job openings rose 4.6% to 7.523 million in September, while factory orders climbed 1.8%, beating expectations. Nasdaq gained about 1%, the S&P 500 rose and the Dow dipped.
1. Labor market data
Job openings rose 4.6% in September to 7.523 million, 423,000 above analysts’ expectations. Hires increased 2.5%, firings fell 7.2% and workers quitting their jobs rose 10.5%; the quit rate climbed to 2.1% from 1.1% in August.
2. Factory orders rise
New orders for US factory-made goods increased 1.8% in September, compared with expectations for a 1.3% gain and an upwardly revised 0.3% rise in August. Commercial aircraft orders rose 28.3%, orders for computers and related products increased 4.2%, and core capital goods orders were revised up to 0.6% growth from 0.5%.
