Job openings in the U.S. unexpectedly rose to 8.1 million in November, the highest since May, despite forecasts predicting a drop to 7.7 million.
- Job Openings: Jumped to 8.1 million in November, up from 7.8 million in October and th ehighest level since May.
Sector Highlights: Professional and Business Services added 273,000 openings; Finance and Insurance gained 105,000; Private Educational Services increased by 38,000.
- On the flip side, the Information sector saw a decrease of 89,000 jobs.
Total Separations: Remained steady at 5.1 million. However, a quits fell to the lowest level in in over four years.
- Quits: Fell to 3.1 million, the lowest since October 2020, indicating workers might be less inclined to change jobs.
Bottom Line: The labor market seems more robust than expected. However, workers are not feeling the market loosening, as shown by the significant drop in job quits.
