According to the Labor Department's Bureau of Labor Statistics, US job openings unexpectedly rose in December to 9.026 million, surpassing market consensus of 8.75 million. This increase highlights a robust labor market, with vacancies increasing from the revised estimate of 8.92 million. The data suggests that the labor market remains strong, potentially impacting the Federal Reserve's decision on interest rates and inflation. The unexpected rise in job openings contrasts with a decline that forecasters had expected, indicating a resilient labor market that is not softening as much as the Federal Reserve had hoped.
The number of US JOLTS job openings surged by 101,000 from November to reach 9.026 million in December 2023, surpassing the market consensus of 8.75 million, driven by a notable increase in openings within professional and business services.
🇺🇸 Job openings, a measure of labor demand, were up 101,000 to 9.026 million on the last day of December, the Labor Department's Bureau of Labor Statistics said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. https://t.co/sdjTSg3cUP
The number of job openings rose to 9.03 million in December, according to the Labor Department. That's a small move — up from 8.93 million in November — but it contrasts with a decline that forecasters had expected. https://t.co/N31jIEOwy4
Job openings rose at the end of 2023 and topped 9 million for the first time in three months. The U.S. labor market is still pretty darned strong - a lot stronger than the Fed expected. But the Fed will still cut rates if inflation keeps slowing. https://t.co/xx4FdHExkA https://t.co/QT2NvGpYHT
Job openings rose at the end of 2023 and topped 9 million for the first time in three months. U.S. labor market is still quite sturdy and not softening quite as much as the Federal Reserve had hoped.https://t.co/IvyVWIf5xs https://t.co/CsPEHKzXUb
To the surprise of many, US job openings rose according to the latest JOLTS data. Specifically, vacancies increased in the latest measurement month from 8.92 million (revised from the initial estimate of 8.79 million) to just over 9 million, and above the consensus forecast of… https://t.co/Gj5Ssa5D1C
JUST IN: JOLTS job openings come in at 9.03 million, higher than expectations of 8.73 million But the overall trend is still downwards https://t.co/aN5K5pJyAf
NEW: US job openings rose in December, pointing to a resilient labor market https://t.co/MjB949lxN3
Job openings in U.S. inch up to 9 million. Labor market still sturdy. https://t.co/reQuc8TwTg
Job Opening Unexpectedly Rebound Over 9 Million Even As Number Of Workers Quitting Their Job Plummets https://t.co/rKgEEwhE7Z
US job openings rose in December, pointing to a still-durable labor market https://t.co/k1ZIInL0H6
⚠️ US JOB OPENINGS UNEXPECTEDLY RISE IN DECEMBER (Reuters) U.S. job openings unexpectedly rose in December and data for the prior month was revised higher, suggesting the labor market likely remains too strong for the Federal Reserve to start cutting interest rates in the first… https://t.co/fS5EUElfN1
US job openings unexpectedly rose in December to the highest level in three months, highlighting a robust labor market that’s powering strong economic growth https://t.co/iuefInNzMX