US Employment Trend Continues to Show Weakness; Expect Below Consensus NFP of 172,000 for November 2023
Article - US Employment Trend Continues to Show Weakness; Expect Below Consensus NFP of 172,000 for November 2023 - The number of job openings in the US for October 2023 decreased to 8.7 million, according to the latest Job Openings and Labor Turnover Survey (JOLTS). This is well below the consensus expectation of 9.3 million and previous months reading of 9.3 million. The current data marks a notable drop to levels not seen in over two and a half years, potentially signaling a cooling in the labor market following the unexpected positive trends in recent months, says GlobalData.
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