US jobs pulse: Openings stay near 7.7 million in October; layoffs hit highest level since early 2023

US job openings held steady in October, indicating a cooling labour market. Layoffs saw an uptick, while quits declined, suggesting employers might lean towards job cuts over natural attrition. This data emerges as the Federal Reserve considers another interest-rate cut amid mixed economic signals, with inflation still a concern but job market softness bolstering rate cut expectations.