Economy

Great Resignation slowed, job openings jumped

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A help wanted sign is posted in the window of hardware store on September 16, 2021 in San Francisco, California.

Justin Sullivan | Getty Images

The so-called Great Resignation lost some steam in October, with the total number of workers leaving their jobs either due to dissatisfaction or better opportunities elsewhere declining, the Labor Department reported Wednesday.

Job quitters fell by 4.7%, falling to 4.16 million from 4.36 million, the department said in its Job Openings and Labor Turnover Survey. The rate as a share of the workforce fell from 3% to 2.8%.

The JOLTS report is closely watched at the Federal Reserve and elsewhere for signs of labor market tightness.

While the quits rate…



Source cnbc.com

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