Job Openings Fall by 50,000
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Job openings fell by about 50,000 to 10.45 million in November 2022, according to the monthly JOLTS report released by the U.S. Bureau of Labor Statistics. While the labor gap is slowly contracting, openings are still historically high and outnumber unemployed workers by about 4.4 million.
About 4.2 million workers left their jobs in November, below the record 4.5 million recorded one year ago during what has been dubbed the "Great Resignation." The number of people quitting is edging down, but workers continue to feel comfortable enough to switch jobs in pursuit of higher pay or better working conditions. Layoffs in November fell to 1.3 million, amid reports of job cutting from sectors impacted by higher interest rates.
On Friday, the Department of Labor will report on how many jobs the U.S. economy added in December, the unemployment rate and wage gains for the month.
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
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