December JOLTS Data Indicates Stagnant Hiring and Quitting Rates

Reported about 9 hours ago

The December JOLTS data reveals a cooling post-pandemic job market, with job openings falling to 7.6 million and both hiring and quitting rates nearing decade-low levels. Economist Cory Stahle suggests that this stagnation may signal a potential turnaround in the labor market, supported by stabilizing wage growth and steady unemployment rates.

Source: YAHOO

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