US Job Market Shows Stability in November 2023
The US Bureau of Labor Statistics released its latest Job Openings and Labor Turnover Summary for November 2023, presenting a stable job market scenario. The report indicates little change in job openings, maintaining a solid figure of 8.8 million, a contrast to the peak of 12.0 million in March 2022.
Sector-Specific Changes in Job Openings and Hires
The job openings rate remained steady at 5.3 percent, despite decreases in sectors like transportation, warehousing, and utilities. Conversely, an increase was noted in wholesale trade. The number of hires, however, experienced a slight decrease to 5.5 million, particularly in professional and business services.
Employee Separations: Quits and Layoffs
The total separations,…
Read More