In this Nov. 6, 2019, file photo, a sign advertises job opportunities at Harry's Pizzeria in the Coconut Grove neighborhood in Miami. On Friday, Jan. 17, 2020, the Labor Department reports on job openings and labor turnover for November. (AP Photo/Lynne Sladky, File)
WASHINGTON (AP) — The number of available jobs fell sharply in November, dropping to 6.8 million, a decline of 7.6% from the October level.
The Labor Department reported Friday that the job openings number for November was down by 561,000 from the October level of 7.36 million.
Some economists took the big decline as a sign that the labor market may be slowing after strong job growth over the past few years has pushed the unemployment rate down to the lowest level in a half-century.
“The labor market may be starting to lose its shine as companies have scaled back their hiring in the face of continued economic uncertainty in this longest economic expansion in history,” said Chris Rupkey, chief financial economist at MUFG in New York.
The report on job openings was for November. The government’s more current unemployment report for December, released last week, showed that employers created 145,000 jobs last month. That was a decline from a robust increase of 256,000 jobs in November.
For all of 2019, employers added an average of 175,000 jobs per month, down from an average gain of 223,250 jobs per month in 2018.
For December, the unemployment rate in December held steady at a five decade low of 3.5% where it has been for three of the past four months. That is the lowest level since 1969.
The report Friday on job openings, job hires and job separations for November showed that hires totaled 5.8 million in November, The number of separations from jobs, which includes people leaving to get better jobs, totaled 5.65 million, basically unchanged from October.
15 Technology Stocks that Analysts Love
There are more than 1,100 technology companies traded on public markets in the United States. Given the sheer number of hardware makers, social networks, software companies, service providers and other tech stocks, it can be hard to identify which tech companies are going to outperform the market.
Fortunately, Wall Street's brightest minds have already done this for us. Every year, analyst issue approximately 15,000 distinct recommendations for technology companies. Analysts don't always get their "buy" ratings right, but it's worth taking a hard look when several analysts from different brokerages and research firm are giving "strong buy" and "buy" ratings to the same tech stock.
This slide show lists the 15 technology companies that have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.
View the "15 Technology Stocks that Analysts Love".