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JOLTS job openings drop to 6.5 million in November from 6.9 million expected

  • JOLTS job openings fell modestly in November.
  • The US Dollar DXY Index extends its sideways move near 90.50.

The number of job openings on the last business day of November was 6.5 million, compared to 6.6 million in October, the US Bureau of Labor Statistics announced in its latest Vacancy and Job Rotation Summary (JOLTS) on Tuesday. This digit has not met the market expectation of 6.9 million.

Additional comments:

“Job offers decreased in the manufacture of durable goods (-48,000), information (-45,000) and educational services (-21,000)”.

“In November, the number of hires changed little to 6.0 million and the hiring rate was unchanged at 4.2%.”

“In November, the number of total layoffs increased to 5.4 million (+271,000).”

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