Deep Tide TechFlow News, January 7, according to Jin Shi reports, driven by a significant increase in the commercial services industry, the number of job vacancies in the United States rose to a six-month high in November, while demand for employees in other industries has become more complex. The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that the number of job openings 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 moderation in the downward trend seen over the past three years. The labor market now appears to be more robust, while inflation has also shown stubbornness in recent months, reducing expectations for a Federal Reserve rate cut this year. Following the data release, traders are no longer fully digesting bets that the Fed will cut rates before July.