US JOLTs Job Openings (Nov) 7.146M vs. Exp. 7.60M (Prev. 7.449M, Rev. 7.670M)

The US JOLTs job openings data for November came in at 7.146 million, missing expectations of 7.60 million, and also falling short of the previous reading.

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US JOLTs Job Openings (Nov) 7.146M vs. Exp. 7.60M (Prev. 7.449M, Rev. 7.670M)

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  • Vacancy rate: 4.3% (prev. 4.6%, revised 4.5%)
  • Quits rate: 2.0% (prev. 1.8%, revised 1.9%)
Context

This suggests a potential softening in the labor market, which could have implications for wage growth and overall economic activity, possibly influencing the Fed's stance on rates going forward.

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