#USJobsData📉 🚨BREAKING: US job openings DROPPED -303,000 in November, to 7.146 million, the 2nd-lowest since December 2020.

This was significantly BELOW expectations of 7.648 million.

Meanwhile, October was revised DOWN to 7.449 million from 7.670 million.

Available vacancies are now below 2019 pre-pandemic levels.

As a result, ratio of job opening to unemployed workers FELL to 0.91, in line with 2017 levels.

Furthermore, the non-farm HIRING RATE fell to 3.2% in November, the 2nd-lowest since January 2011 and consistent with levels seen during the middle of the Great Financial Crisis.

Meanwhile, leading indicators point to a further deterioration in the job openings data.

US job market is weakening at an accelerating pace.

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