"US Job Openings Rise in December, Signaling Shift from Great Resignation"
TL;DR Summary
The "Great Resignation" and historic job-hopping that led to record-high raises has transitioned into a period of job market stability, with a significant drop in the quits rate and slower wage growth. Data from the Labor Department shows that the quits rate fell to a three-year low in December, and pay rose at its slowest pace since early 2021. The job market in 2023, while strong compared to the pre-pandemic norm, did not match the supercharged conditions of the preceding years, with a decline in hiring rates and job openings.
- The Great Resignation is officially done—and so are all those big raises, stark new data shows Yahoo Finance
- US job openings grew in December CNN
- Job Quitting Fell 12% Last Year—and That's Bad News for the Economy The Wall Street Journal
- US job openings rose in December, pointing to a still-durable labor market The Associated Press
- Is the Great Resignation over? The Hill
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