Economy News
US job openings fall in November; layoffs rise amid Covid-19 pandemic

U.S. job openings fell in November, while layoffs mounted at restaurants and hotels amid rampant COVID-19 infections, supporting views that the labor market recovery from the pandemic was stalling. Job openings, a measure of labor demand, dropped 105,000 to 6.527 million on the last day of November, the Labor Department said on Tuesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS. Vacancies have dropped from as high as 7.012 million in January. The job openings rate slipped to 4.4% from 4.5% in October. Layoffs increased 295,000 to nearly 2.0 million.

News Source:- https://www.business-standard.com/article/international/us-job-openings-fall-in-november-layoffs-rise-amid-covid-19-pandemic-121011201516_1.html