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U.S. November Job openings reach highest in half a year...The service industry is also strong.

2025.01.08 AM 08:32
Job openings, which show demand trends in the U.S. labor market, were the highest in six months in November last year, and U.S. service industry indicators also showed strong performance, raising concerns about rising inflation.

In a job opening and transfer report released by the U.S. Labor Department, the number of job openings in November last year was 8.1 million, the highest in six months, and exceeded the 7.7 million expert projections compiled by Dow Jones.

The U.S. Federal Reserve cut its benchmark interest rate by 0.5%p in September last year, judging that the risk of the labor market weakening quickly increased, but the number of job openings rebounded for the second consecutive month, easing concerns about weakening the labor market.

In addition, the U.S. Supply Managers' Association's service buyer management index in December last year exceeded the baseline of 50 to 54.1, a phase of economic expansion, up 2 points from the previous month and exceeding market forecasts of 53.4.

In particular, the service price index jumped 6.2 points month-on-month to 64.4 in December, raising inflation concerns in the market.


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