US: Job openings edge down again - Wells Fargo
|After a sharp run-up earlier this year, job openings fell for a second consecutive month noted analysts from Wells Fargo. They explained that turnover also fell and continues to suggest labor market dynamism has fallen in recent years.
Key Quotes:
“Job openings edged down for a second straight month in November. The recent declines followed a sharp run up over the first three-quarters of 2017. Openings are up 4.4 percent over the past year, but that marks a slowdown from earlier and, if sustained, suggests a more moderate pace of hiring ahead.”
“Most industries have seen openings rise over the past year, with mining and manufacturing notching some of the largest gains.
“Gross hiring fell in November after what looked to be storm-related catch-up in October. At 3.7 percent, the hiring rate remains low relative to the previous cycle and points to a less dynamic labor market today.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.