BlockBeats news, January 7, driven by a significant increase in the commercial services sector, U.S. job vacancies rose to a six-month high in November, while demand for employees in other industries has become more complex.
The U.S. Bureau of Labor Statistics released the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday, showing that job vacancies increased from a revised 7.8 million in October to 8.1 million, exceeding all analysts' expectations. The growth was almost entirely driven by professional and business services, as well as finance and insurance.
The latest job vacancy figures indicate a easing of the downward trend seen over the past three years. The job market now appears to be more stable, while inflation has shown stubbornness in recent months, reducing expectations for the Federal Reserve to cut interest rates this year. After the data was released, traders no longer fully digested bets that the Fed would cut rates before July. (Jin Shi)