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[link=https://www.marketwatch.com/story/u-s-job-opening-leap-to-record-9-3-million-but-hiring-lags-well-behind-11623161366]https://www.marketwatch.c…ell-behind-11623161366[/link]
[h1]U.S. job openings hit record 9.3 million but more people are quitting than ever[/h1]
Americans are quitting jobs more than ever. The so-called quits rate rose one tick to a record 2.8% among private-sector employees. More people quit when the economy is doing well or they think they can find a better, or better-paying, job.
At the height of the coronavirus crisis, the quits rate had fallen to a seven-year low of 1.8%.
The percentage of people being laid off also fell to the lowest level on record, signaling that firms prefer to hold on to labor they already have as they struggle to fill open positions, said economist Daniel Vielhaber of Nationwide Economics.
