U.S. Job Openings Decline in November, Indicating Labor Market Shift In November, the U.S. saw a slight decrease in job openings, with the figure dropping to 8.79 million, the lowest level since March 2021. According to the Labor Department’s Job Openings and Labor Turnover Survey, this represents a small decline of 62,000 openings, with the vacancy rate remaining steady at 5.3%. Additionally, hiring decreased by 363,000, reducing the hiring rate to 3.5%, and layoffs also fell by 116,000. This change brought the ratio of job openings to available workers down to 1.4 to 1, a significant reduction from the 2 to 1 ratio seen earlier in 2022. The reduction in job openings was particularly notable in transportation, warehousing, utilities, and leisure and hospitality sectors, while wholesale trade and financial activities sectors experienced increases. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ZeroHedge: Price Inflation Accelerates for Second Month as Biden Blames "Greed" READ MORE Fed's Tightrope Walk: Balancing Inflation Control and Job Market Stability READ MORE Gold Recovers After Fed Decision Golds Interest Rates Steady READ MORE Dollar Rises as Geopolitical Tensions Mount; Oil Prices Climb Amid Middle East Concerns READ MORE Tech Titans Propel S&P 500 to Unprecedented 5,600 Milestone READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment