Job openings dip as hiring rises

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Government job openings continued three straight months of decline.

The data on job openings comes just a few days after the Labor Department issued a surprisingly positive monthly jobs report. The amount of jobs created in September was just 114,000 according to business data, largely in line with expectations. However, a separate household survey which serves as the basis for the unemployment rate showed its strongest gains in nearly a decade. The 873,000 additional jobs pushed the unemployment rate down to 7.8 percent. 

That decline, one month before the presidential election, dropped the rate below the 8 percent that had become a common reference by Mitt Romney as he hammered President Obama's record on the economy. The new rate is the lowest it has been since the president took office.


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