U.S. job vacancies rose to a six-month high in November

Job openings in the United States rose to a six-month high in November, driven by a surge in the business services sector, while demand for workers in other industries was more complex. The Bureau of Labor Statistics' Job Openings and Labor Mobility Survey (JOLTS), released on Tuesday, showed openings rose to 8.10 million from an upward revision of 7.80 million in October, beating all analysts' expectations. Growth was driven almost entirely by professional and business services, as well as finance and insurance. The latest job openings figures suggest that the nearly three-year downward trend has eased. The job market now appears to be more solid, while inflation has also been stubborn in recent months, lowering expectations that the Federal Reserve will cut interest rates this year. Traders are no longer fully digesting bets that the Fed will cut rates by July after the data.