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Job Openings (JO) declined a fair amount, down a bit more than half a million, seasonally adjusted, October to November. At 10.56 million, that’s still wildly elevated, so the most important takeaway from the recent estimates is how they have peaked back around June and July. The BLS believes the rate of hiring (HI) was rather good in November, too, 6.70 million, though not anywhere close (especially adjusting for population) to as good as JO pegs the demand for labor.
...read full article on Seeking Alpha
