Job Openings Slip in November, Pointing to Cooling Labor Market
• Job openings in November hit lowest level since March 2021, coming in lower than expected • There were 8.79 million jobs open at the end of November, down from 8.85 million in October • Quits rate slipped to 2.2% in November, lowest since September 2020 • 5.5 million hires made in November, down from 5.9 million in October • Data shows cooling labor market, adds to narrative of inflation on downward trajectory