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The Great Resignation in US- Job openings and quits rate are little changed (December 2021)

The number of job openings was little changed at 10.9 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Hires and total separations decreased to 6.3 million and 5.9 million, respectively. Within separations, the quits rate was little changed at 2.9 percent. The layoffs and discharges rate was little changed at 0.8 percent, a series low. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, by four geographic regions, and by establishment size class.

Note by the JMM’s editor: quits are up 27% year-over-year and remain elevated

 

Chosen excerpts by Job Market Monitor. Read the whole story @ JOB OPENINGS AND LABOR TURNOVER – DECEMBER 2021

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