WASHINGTON — The number of job vacancies in the United States saw an uptick in October, reversing a decline that had persisted for three and a half years as it hit a low in September. This indicates that companies are still keen on hiring, notwithstanding a general slowdown in employment activity.

According to the Labor Department, job openings increased by 5% to reach 7.7 million, climbing from 7.4 million in September. However, this figure remains considerably lower compared to the 8.7 million job postings recorded just a year earlier.

In October, there was a notable rise in job vacancies within sectors such as professional and business services, which encompass roles for engineers, IT professionals, and accountants. There were also increases in openings within the restaurant, hotel, and finance sectors.

Conversely, the report indicated a decline in overall hiring, highlighting a loss of momentum in the job market compared to earlier months. However, the number of people voluntarily leaving their jobs increased to 3.4 million in October after having dropped to a four-year low the previous month.

These statistics paint a mixed picture of the job market, which has been challenging to interpret. The government indicated a significant reduction in hiring for October, mainly impacted by the repercussions of hurricanes and a strike at Boeing. Nonetheless, the unemployment rate remained stable at a low 4.1%.

Anticipation builds for the November jobs report, set to be released on Friday, which is expected to indicate an increase in hiring compared to the disappointing numbers from the previous month.

The Federal Reserve is closely monitoring employment data, as any evidence of a significant drop in hiring could prompt officials to expedite cuts to their key interest rate. This action would aim to stimulate borrowing and spending, thereby providing support for the overall economy.