The U.S. Bureau of Labor Statistics reported that job openings remained largely unchanged at 8.1 million on the last business day of November 2024. While stable month-over-month, this figure is 833,000 lower than the 8.9 million openings recorded in November 2023.
The U.S. Bureau of Labor Statistics reported that job openings remained largely unchanged at 8.1 million on the last business day of November 2024. While stable month-over-month, this figure is 833,000 lower than the 8.9 million openings recorded in November 2023. The job openings rate also held steady at 4.8%, reflecting little variation from the previous month.
Hiring and separations also showed minimal changes in November:
Significant shifts in job openings were observed across sectors. Job openings increased by 273,000 in professional and business services, by 105,000 in finance and insurance, and by 38,000 in private educational services. However, the information sector experienced a decline of 89,000 job openings.



Source: U.S. Bureau of Labor Statistics
A deepening sell-off in technology and artificial intelligence stocks pressured financial markets, forcing investors to liquidate precious metals holdings to cover losses elsewhere.
Escalating Middle East tensions pushed oil prices higher following a deadly drone strike on Saudi Aramco's Shaybah facility, renewing inflation concerns and expectations for further Federal Reserve tightening.
Rising oil prices renewed inflation concerns as uncertainty surrounding the US-Iran conflict and continued disruptions in the Strait of Hormuz reinforced expectations for further monetary tightening.
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