PANews reported on January 7 that according to Jinshi, job openings in the United States rose to a six-month high in November, driven by a sharp increase in the business services industry, while other industries had more complex needs for employees. The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that vacancies increased to 8.1 million from an upwardly revised 7.8 million in October, exceeding all analysts' expectations. The growth was almost entirely driven by professional and business services, as well as finance and insurance. The latest job openings figures indicate that the downward trend of nearly three years has eased. The job market now seems to be more solid, and inflation has also been stubborn in recent months, which has reduced expectations for the Federal Reserve to cut interest rates this year. After the data was released, traders no longer fully digested the bet that the Federal Reserve will cut interest rates before July.
The number of JOLTs job vacancies in the United States in November was 8.098 million, which was in line with expectations of 7.70 million. The previous value was revised from 7.744 million to 7.839 million.
