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U.S job openings stay high at 10.5 million and show labor market still very strong

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JOLTS data show U.S. job openings remain at elevated level in November

The numbers: Job openings in the U.S. fell slightly to 10.46 million in November, but workers were still quitting in droves in a sign the labor market remains quite strong — too strong for the Federal Reserve.

The jobs market is still too hot for the Fed, however. The Fed is worried high inflation will persist unless hiring slows and a rapid increase in wages tapers off. Rising interest rates, a slowing economy and worries about recession have spurred businesses to fill fewer open jobs.

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$21.00 per hour does nothing when taxes & prices have gone up X2. This is why people with IQs lower than 130 should not be allowed to vote.

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