Job openings and credit up in US

American job vacancies have increased to 3.36m in October, offering some hope for the employment market. The job openings rate (the proportion of the jobs market taken up by openings) was up to 2.7 per cent in the private sector. Meanwhile, US consumer credit was up by $3.3bn (£2.1bn), the Federal Reserve announced last night. The rise defied expectations, after economists had predicted a slight fall in credit. Credit is 1.7 per cent higher than at the same point last year.