Photo: A job seeker shakes hands with a company representative during a career fair in the Brooklyn borough of New York. A job seeker shakes hands with a company representative during a career fair in the Brooklyn borough of New York.

U.S. job openings remained elevated in November, highlighting how a resilient labor market is likely to keep the Federal Reserve tilted toward more restrictive policy in the months ahead.

The number of available positions ticked down to 10.46 million, from 10.51 million a month earlier, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS). That number is higher than all estimates in a Bloomberg survey of economists.

The figures point to a still-tight job market where employers’ demand for workers far outstrips supply. Hiring, while moderating, remains solid and layoffs low. The persistent imbalance continues to put upward pressure on wages and has been highlighted by Federal Reserve Chair Jerome Powell as key to the path of inflation.

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