U.S. Job Openings Down 105K in November: JOLTS

New job openings in the United States declined during November 2020, data showed on Tuesday.

Job openings decreased by 105,000 to 6.527 million by the end of November, according to the U.S. Department of Labor’s monthly Job Openings and Labor Turnover Survey (JOLTS).

This means that job openings declined by to 4.4% from 4.5% in October.

Meanwhile, layoffs grew by 295,000 to about two million, with the rate of layoffs rising to 1.4% from 1.2% in October.

The accommodation and food services industry saw the biggest of share of layoffs with 263,000, amid renewed lockdown and preventive measures against the Coronavirus pandemic.

It is worth noting that job opportunities were at 7.012 million in January of last year, prior to the beginning of the global pandemic.