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.
​An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.
Related Content
HR must always include human intelligence and oversight of AI in decision-making in hiring and firing, a legal expert said at SHRM24. She added that HR can ensure compliance by meeting the strictest AI standards, which will be in Colorado’s upcoming AI law.
The proliferation of artificial intelligence in the workplace, and the ensuing expected increase in productivity and efficiency, could help usher in the four-day workweek, some experts predict.
Learn how Marsh McLennan successfully boosts staff well-being with digital tools, improving productivity and work satisfaction for more than 20,000 employees.