U.S. job openings rose to a six-month high in November, lowering expectations for interest rate cuts by the Federal Reserve this year

ChainCatcher news, according to Jinshi reports, driven by significant growth in the business services sector, job vacancies in the U.S. rose to a six-month high in November, while demand for employees in other industries has become more complex.

The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that vacancies increased from a revised 7.8 million in October to 8.1 million, exceeding all analysts' expectations. The growth was almost entirely driven by professional and business services as well as finance and insurance.

The latest job vacancy figures indicate a easing of the downward trend seen over the past three years. The labor market now appears to be more stable, while inflation has also shown stubbornness in recent months, reducing expectations for the Federal Reserve to cut interest rates this year.

After the data was released, traders no longer fully digested bets that the Federal Reserve would cut rates before July.