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U.S. job openings post biggest drop in more than four years

From reuters.com

U.S. job openings recorded their biggest drop in more than four years in November, while hiring increased moderately, suggesting a loss of momentum in the labor market at the tail end of 2019. Job openings, a measure of labor demand, tumbled 561,000 to 6.80 million, the lowest reading sine August 2015, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Friday. Vacancies have been trending lower this year since hitting an all-time high of 7.63 million in late 2018. The decline in job openings in November was led by the private sector, which saw a decrease of 520,000 unfilled ... (full story)

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  • Category: Fundamental Analysis