US November Job Openings and Labor Turnover at 8.098 Million, Exceeding Market Expectations

The November Job Openings and Labor Turnover Survey (JOLTs) in the United States exceeded market expectations.

On the 7th (local time), the U.S. Department of Labor announced that the November JOLTs showed the number of job openings and turnovers in the U.S. market was 8.098 million, surpassing the expected 7.73 million. The labor market appears to remain robust.

Market experts use job openings and turnovers as a measure of labor market health. The increase in employment and turnover suggests that the labor market remains strong. There is also an interpretation that factors stimulating market inflation are not easily disappearing.

On this day, Bloomberg reported, "The number of job openings in the U.S. in November was about 8.1 million, marking a six-month high," adding, "The labor market seems to be on a more solid footing. The recent entrenchment of inflation is lowering expectations for how much the U.S. can cut rates this year."

On this day, Bitcoin (BTC) is trading at $99,151, down 1.87% from the previous day, based on the Binance USDT market.