Job Jumping
12/09/2021 |
At the end of 10/21, the latest month for which data are available, there were 11 million US job openings compared to just 6.9 million unemployed persons, a ratio of 1.6 open jobs/unemployed person, OMG! Unsurprisingly, the quit rate is an astonishing 2.8%, meaning 4.2 million workers quit their jobs in October to presumably look for better employment. The number of weekly layoffs are at their lowest level since 9/6/1969.