Job openings hold strong despite rate hikes; manufacturing in contraction

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Job openings hold strong despite rate hikes; manufacturing in contraction
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Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.

A 'help wanted' sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City.Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession, the Labor Department reported Wednesday.

As a share of the labor force, job openings remained at 6.4%, indicating demand for workers is still high despite the Fed's efforts to cool the economy and bring down inflation, which has been driven partially by rising wages.

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