The number of job openings was little changed at 10.5 million on the last business day of November, the U.S. Bureau of Labor Statistics reported today. This was better than the 10.04 million forecast.
Over the month, the number of hires and total separations changed little at 6.1 million and 5.9 million, respectively.
Within separations, quits (4.2 million) and layoffs and discharges (1.4 million) changed little.
The release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.
Job Openings
On the last business day of November, the number of job openings changed little at 10.5 million. The rate was unchanged at 6.4 percent but was 0.9 percentage points lower than its peak in March 2022.
Hires
In November, the number and rate of hires changed little at 6.1 million and 3.9 percent, respectively. Hires increased in health care and social assistance (+74,000).
Separations
In November, the number of total separations changed little at 5.9 million, and the rate held at 3.8 percent.
The number and rate of quits were little changed at 4.2 million and 2.7 percent, respectively.
The number of layoffs and discharges changed little at 1.4 million, and the rate remained at 0.9 percent.
Market Reactions
US stocks are lower after the release of the JOLTS report but most of that selling pressure is being attributed to the dip in ISM Manufacturing PMI.
The U.S. Dollar is lower after traders showed little reaction to the report. Gold is trading higher, but off its best level of the session.
For a look at all of today’s economic events, check out our economic calendar.This article was originally posted on FX Empire
More From FXEMPIRE:
- Silver Price Forecast – Silver Markets Continue to Consolidate
- Gold, Silver, Copper – Precious Metals Pull Back As Dollar Rebounds
- Natural Gas Price Forecast – Natural Gas Markets Have Quiet Holiday Session
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
