Job Openings Come In Much Hotter Than Expected Despite Continued Deterioration In Hiring

4 January 2023

One month after the October JOLTS report signaled a long-overdue plunge in job openings, when the BLS reported a 353,000 drop and reversing much of the previous month’s gain, things have again reverted back to normal because moments ago the latest JOLTS reported indicated that after the strongly upward revised October print of 10.512MM – up from 10.334MM previously – the latest, November, openings print was 10.458MM, which while a drop of 54K from the previous month, was more than 400K higher than consensus expectations.

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