Latest signs of the cooling job market

Latest signs of the cooling job market

In November, the "Great Stay" trend deepened because the number of people who quit their job decreased to less than 3.1 million. This is the lowest value that has been recorded since the peak of the pandemic.

Current labor market data

The current report on vacancies and the fluctuation in the labor market also showed that the attitude was at a ten -year low. This further indicates that the labor market cools down, as can be seen from the data of the Bureau of Labor Statistics published on Tuesday.

stability in layoffs

Despite the persistent sign of a broader slowdown, the discharge activity in November remained relatively stable. In addition, the number of vacancies rose to 8.1 million, the highest value since May.

demand for workers

Open spots are an important indication of the demand for workers. Economists expected the number of open jobs to decrease slightly to 7.7 million after the original estimate was 7.74 million, as Factset reports.

This story continues to develop and is updated regularly.