Date uploaded: 2022-01-05 01:38:15
Americans quit jobs at a record pace in November as job openings hovered close to their all-time highs.
The number of workers quitting jobs vaulted to 4.5 million from 4.2 million, above the prior record of 4.4 million, the Labor Department said. That means 3% of workers voluntarily left their positions, matching September's record high. And for the sixth straight month, job openings also topped 10 million.
In November, there were 6.9 million unemployed Americans, meaning there were 1.5 available jobs for each unemployed person, the most on record dating back two decades.
The number of total hires jumped from 6.5 million to 6.7 million, the highest level since July, in a possible signal that employers’ struggles to find workers eased a bit as some Americans idled by COVID-19 or its ripple effects returned to the work force.
To read more about November's job report, click the link in our bio.
