Steady job postings, cooler hiring and less quitting: After a record-shattering stretch, America's once-remarkable labor market has settled into a more normal groove.
Why it matters: The result is sufficiently cool demand that won't stoke inflation but is still robust enough for workers who want a job to find one.
Driving the news: The number of job postings held at 8.8 million in November, according to the latest Job Openings and Labor Turnover Survey released this morning.
But other signs pointed to a continued cooldown as the year came to a close. Hiring eased slightly to 5.5 million — 363,000 fewer hires than in October. The number of quits, which serves as a sign of how willing workers are to leave their jobs, fell to 3.5 million, down 157,000 from the prior month.
Layoffs, meanwhile, changed little at 1.5 million.
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https://www.axios.com/2024/01/03/november-jolts-labor-market
