Economy

There were 4.6 million more jobs than unemployed workers in December

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A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia.

Olivier Douliery | AFP | Getty Images

Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data Tuesday.

Reflecting a tightening labor market, vacancies rose to 10.92 million, well above the FactSet estimate for 10.28 million and an increase of 1.4% from November. The rate of job openings as a share of the labor force was unchanged at 6.8%.

The “quits” level, which had soared to record highs in recent months amid a confluence of factors, slowed to 4.34 million, a decrease of 3.6%, while the quits rate edged down 0.1…



Source cnbc.com

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