Search
 
News

U.S. Job Openings Top Forecasts

The resilient labor market is likely to keep the Federal Reserve tilted toward more restrictive policy in the months ahead.

By Reade Pickert | January 04, 2023 at 04:07 PM
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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

Tenacious Inflation Proves Hard to Tame

Tenacious Inflation Proves Hard to Tame

Reade Pickert, Vince Golle & Augusta Saraiva |

In February, housing costs helped deliver a larger-than-forecast 0.5% gain in so-called core inflation, which excludes food and energy

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.