There were 4.6 million more jobs than unemployed workers in December

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…