JOLTS job openings 8.098M vs 7770M estimate ...Middle East

Prior month 7.744M revised to 7.839MJOLTs job openings for November 8.098M vs 7.770M estimate.

Vacancy rate 4.8% versus 4.6% last monthQuits rate 1.9% versus 1.8% last month. Hires 3.3% versus 3.3% last monthSeparations rate 3.2% versus 3.3% last month

Looking at the trend from the chart above, the JOLTS were probably overstated at the highs with companies competing for workers. There has been a steady decline but to higher levels from pre-pandemic.

So job openings are down, but to old high levels and now going higher.

This article was written by Greg Michalowski at www.forexlive.com.

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