New data from the Bureau of Labor Statistics (BLS) showed that job vacancies rose to a seven-month high in November 2024, indicating that the U.S. labor market remains resilient despite various economic headwinds.
According to the Job Openings and Labor Turnover Summary (JOLTS) report, the number of employment openings increased by 259,000, to 8.098 million, the highest since May. This is down by approximately 800,000 from a year earlier.
Economists projected 7.7 million job openings in November.
Employment vacancies have steadily decreased since peaking at an all-time high of 12.2 million in March.
The October print was adjusted higher to 7.839 million from 7.744 million.
Job openings were concentrated mainly in professional and business services (273,000), finance and insurance (105,000), and private educational services (38,000)….