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U.S. job openings increased to 7.52 million in September, surpassing August's 7.19 million and the estimate of 7.16 million.
Liz Thomas reported that the openings rate climbed from 4.3% to 4.5%, the hires rate edged up from 3.3% to 3.4%, and the quits rate rose from 1.9% to 2.1%, while the layoffs rate declined from 1.1% to 1%.
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Earlier this year, Liz Thomas highlighted that the S&P 500 gained 14% year-to-date, attributing the advance to strong forward earnings growth. She also reported that defensive sectors such as consumer staples and health care led early trading, while risk-on areas lagged. These prior updates provide context for the labor market data's potential impact on equities.