US job openings inch higher as hiring, quitting rates drop amid broader labor slowdown
- New data from the Bureau of Labor Statistics released Tuesday showed there were 8.1 million jobs open at the end of November, an increase from the 7.84 million seen in October and the highest level of job openings since May 2023.
- Job Openings and Labor Turnover Survey (JOLTS) also showed 5.27 million hires were made during the month, down from the 5.39 million made during October. The hiring rate fell to 3.3% from the 3.4% seen in October. Also in Tuesday's report, the quits rate, a sign of confidence among workers, fell to 1.9% from 2.1% in October.
- Consitent signs of "Low Hire, Low Fire"
- Hiring rate and quit rates are lower than before Pandemic
- Powell, "Labor market is losser than pandemic but colling gradulally"
- Broader update on the state of the jobs market in the US will come on Friday with the December jobs report.


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