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US Job Openings Top Forecasts, Keeping Pressure on Fed to Hike

  • Vacancies edged lower in November but topped all estimates
  • Ratio of openings to unemployed people is still high at 1.7
Bloomberg business news
US Job Openings Remain Elevated, Keeping Pressure on Fed
Updated on

US job openings remained elevated in November, highlighting how a resilient labor market is likely to keep the Federal Reserve tilted toward more restrictive policy in the months ahead.

The number of available positions ticked down to 10.46 million from 10.51 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. The figure was higher than all estimates in a Bloomberg survey of economists.