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US job openings shrank by 105,000 in November as the hiring rate held steady

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US job openings dipped in November as businesses continued to hire workers amid the worsening coronavirus pandemic.

Openings dropped by 105,000 to about 6.5 million through November, according to Job Openings and Labor Turnover Survey, or JOLTS, data published Tuesday. The reading met the 6.5 million openings forecasted by economists surveyed by Bloomberg.

The largest declines came from the durable-goods manufacturing and information industries. The retail trade and transportation industries saw mild increases in openings.

The hiring rate landed at 4.2%, the same as the revised October reading. The rate hovered just below 4% before the coronavirus details ⇒

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