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U.S. job openings rise more than forecast in November

Published 13/01/2016, 02:03 am
© Reuters.  U.S. job openings rise more than expected in November
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Investing.com - The number of job openings in the U.S. rose more than expected in November, remaining in territory consistent with an improving labor market, official data showed on Tuesday.

In a report, the U.S. Labor Department said that the number of job openings, excluding the farming industry, increased to 5.431 million in November from 5.349 million a month earlier. Analysts had expected the number of job openings to rise to 5.410 million.

The report has garnered more attention lately, as Federal Reserve Chair Janet Yellen often cites the survey when assessing the state of the labor market.

EUR/USD was trading at 1.0845 from around 1.0848 ahead of the release of the data, GBP/USD was at 1.4392 from 1.4401 earlier, while USD/JPY was at 117.85 compared to 117.84 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 99.10, compared to 99.07 ahead of the report.

Meanwhile, U.S. stock markets were broadly higher after the open. The Dow 30 rose 0.9%, the S&P 500 advanced 1%, while the Nasdaq Composite jumped 1.4%.

Elsewhere, in the commodities market, gold futures traded at $1,085.10 a troy ounce, compared to $1,085.30 ahead of the data, while crude oil traded at $31.55 a barrel from $31.57 earlier.

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