Key Points:
- The number of available jobs continues to outnumber Americans looking for work once again.
- Job openings rose to 8.1 million in November after October was revised up by 95,000 to 7.8 million.
- There are 833 thousand fewer job openings than November 2023.
- The number of job openings increased in professional and business services (+273,000), finance and insurance (+105,000), and private educational services (+38,000) but decreased in information (-89,000).
- The U.S. added just 227,000 jobs in November and there were 7 million people unemployed.
- The number of job openings for October was revised up by 95,000 to 7.8 million, the number of hires was revised up by 81,000 to 5.4 million, and the number of total separations was revised up by 45,000 to 5.3 million. Within separations, the number of quits was revised down by 43,000 to 3.3 million, and the number of layoffs and discharges was revised up by 115,000 to 1.7 million.
- The number of hires was little changed at 5.3 million in November but was down by 300,000 over the year.
- The number of total separations in November was little changed at 5.1 million but was down by 287,000 over the year.
- Within separations, quits (3.1 million) decreased, but layoffs and discharges (1.8 million) changed little.
- Quits were down by 451,000 over the year.
- Quits decreased in accommodation and food services (-85,000) and in arts, entertainment, and recreation (-22,000).
- Layoffs and discharges were up by 219,000 over the year.
- Layoffs and discharges increased in accommodation and food services (+102,000).
- he labor force participation rate fell slightly again to 62.5% and is 0.9% below its February 2020 level.
- The Right Facts will continue to monitor unemployment and job openings.