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US employers advertise more jobs in October, a good sign for future hiring

U.S. employers advertised more job in October than September, a hopeful sign that hiring could pick up in the coming months.

The Labor Department says job openings rose by 128,000 to 3.68 million. That's the most since June.

Even with the increase, the number of available jobs is still below the roughly 4 million that were advertised each month before the recession began in December 2007.

And the job market remains very competitive. With nearly 12.3 million people unemployed in October, there were 3.3 unemployed people, on average, competing for each open job. In a healthy economy, that ratio is roughly 2 to 1.

Companies kept creating jobs in November at a modest pace. Employers added 146,000 net jobs last month, the government said Friday in a separate report.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.22% up 4.16%  
15 Y Fixed Graph 3.32% up 3.24%  
30 Y Fixed Jumbo Graph 4.62% up 4.61%  
5/1 ARM Graph 3.52% up 3.35%  
5/1 Jumbo ARM Graph 3.78% up 3.70%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%