US Job Quits Down to Near 4-1/2-Year Low
2025-01-07 15:12
By
Luisa Carvalho
1 min. read
The number of job quits in the US fell to 3.065 million in November 2024, the lowest since August 2020, from a revised 3.283 million in the prior month.
The quits rate, a metric that measures voluntary job leavers as a proportion of total employment, fell to 1.9% from 2.1% in the previous month.
Quits decreased in accommodation and food services (-85,000) and in arts, entertainment, and recreation (-22,000).
Regarding regional distribution, job quits decreased in the Midwest (-90,000), the West (-71,000), the South (-40,000) and the Northeast (-18,000).