Job Openings Point to Sustained U.S. Payroll Gains: Economy

The U.S. labor market continued to show traction in October as job openings held near the highest level in almost 14 years and the number of people quitting and getting hired remained elevated.

...“There’s been a real change in tone in the labor market this year,” said Louis Crandall, chief economist at Wrightson ICAP LLC in Jersey City, New Jersey and the best forecaster of job openings over the last two years, according to data compiled by Bloomberg. “A higher degree of turnover is a big plus.”