Posted 1/30/2024, 6:39:00 PM
Job Openings Rebound to 3-Month High in December While Quits Fall to 22-Month Low
- US job openings rose to 9.026 million in December, exceeding expectations and reaching a 3-month high
- Hires increased to 5.621 million, recovering some ground after falling to multi-year lows in November
- Layoffs ticked up slightly but remain well below pre-pandemic levels
- Quits dropped to the lowest level since January 2021, suggesting employees are less confident in switching jobs
- The job market remains strong but shows further signs of cooling amid economic uncertainty