U.S. job openings rise to 6-month high in November
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2025-01-08 00:02 2,269
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Golden Finance reported that job vacancies in the United States rose to a six-month high in November, driven by substantial growth in the business services industry, while demand for employees in other industries was more complex. The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that job openings rose to 8.1 million from an upwardly revised 7.8 million in October, beating all analyst expectations. Growth was driven almost entirely by professional and business services and finance and insurance. The latest job vacancy figures show an easing of a nearly three-year downward trend. The job market now appears to be on firmer footing, while inflation has been stubborn in recent months, reducing expectations that the Federal Reserve will cut interest rates this year. After the data was released, traders no longer fully priced in bets that the Federal Reserve would cut interest rates by July.