Job openings slid in November to lowest in more than a year

Summary

CNBC's Rick Santelli reviewed the latest US economic data, highlighting a much weaker-than-expected JOLTS job openings report alongside a stronger ISM services reading. He also noted mixed factory orders, durable goods, and capital goods data. Markets showed modest equity weakness and slightly higher interest rates after the reports.

• JOLTS job openings fell to 7.146 million, below expectations and revised lower, the smallest since end-2020.
• ISM services rose to 54.4, the strongest of the year, with strong new orders and employment and easing prices paid.
• Factory orders and durable goods orders were weak, while nondefense capital goods ex-aircraft orders and shipments were more resilient.
• Rick Santelli said equities deteriorated and interest rates edged higher after the data.
• He was surprised equities were not much lower given the weak JOLTS report and noted the Fed closely watches labor data.
• The host observed that lower layoffs and higher quits were positive components within the JOLTS report.