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 Global PMI Data Shows Persistent Price Inflation in May READ MORE Fed's Rate Cut Hesitation: Inflation Concerns and Economic Uncertainties Dominate READ MORE The REAL Reason Costco & Walmart Are Selling GOLD & SILVER READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks READ MORE S&P 500 Nears Record High, Metals Shine Amid Dollar Dip READ MORE Add a Comment Cancel replyYour email address will not be published.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