Job Openings and Labor Turnover Survey: Quits, layoffs, and hires all continued to trend down in November
Below, EPI senior economist Elise Gould offers her insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS). Read the full thread here.
The latest #JOLTS data out of the @BLS_gov this morning show that job openings held steady in November as hires and separations fell. Within total separations, the number of quits and layoffs both ticked down.https://t.co/dXEZgZoGFw pic.twitter.com/8noncWMnGp
— Elise Gould (@eliselgould) January 3, 2024
As with their respective rates, the level of hires, quits, and layoffs all continued to trend down in November, according to the latest data from BLS. That faster churn at the height of the pandemic is behind us. pic.twitter.com/3klFq4AHMG
— Elise Gould (@eliselgould) January 3, 2024
Even with the declines in November, the hires rate remains above the quits rate in every sector. The great reshuffling isn’t what it was two years ago, but workers continue to quit to find better job opportunities. pic.twitter.com/NDxOfyYFqR
— Elise Gould (@eliselgould) January 3, 2024
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