Jobs
US Job Openings, Quits and Hiring Ease as Labor Market Cools
- Vacancies fell in November to 8.79 million, lowest since 2021
- Quits rate dropped to lowest level in more than three years
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US job openings eased in November to the lowest level since early 2021, fewer workers voluntarily quit their positions and the number of hires fell, adding to evidence of cooling labor demand.
Vacancies decreased to 8.79 million from an upwardly revised 8.85 million in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Wednesday. Hiring declined to the lowest level since April 2020. Layoffs edged lower.