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US Job Openings Rebound Above 9 Million, Highest in Three Months
US job openings unexpectedly rose in December to the highest level in three months, highlighting a robust labor market that’s powering strong economic growth. Vacancies increased to 9 million from an upwardly revised 8.9 million reading in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The December figure exceeded all estimates in a Bloomberg survey of economists. The advance was mostly driven by the biggest increase in openings for professional and business services in four months. Education and health services as well as manufacturing also ... (full story)