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US Job Openings Rise to 8.1 Million, Defying Expectations

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U.S. job openings climbed unexpectedly to 8.1 million in November, the highest since February, defying forecasts of a slight decline, according to the Labor Department's latest Job Openings and Labor Turnover Survey (JOLTS).
The U.S. job market showed unexpected resilience in April, with job openings rising to 8.1 million, surpassing the anticipated 7.9 million. This increase, reported by the Labor Department, indicates a robust labor demand despite economic pressures like high interest rates and inflation. Sectors such as professional and business services, health care, and social assistance saw significant growth in job vacancies. However, the quits rate remained steady at 2.2%, suggesting that workers are not leaving their jobs at a higher rate, possibly due to economic uncertainty. This data reflects a labor market that continues to defy expectations, maintaining strength even as other economic indicators suggest a slowdown.

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