Job Openings and Turnover Edge Up in November

Wells Fargo Research Team Wells Fargo

A Better November

Job openings recovered some ground in November and continue to signal a tighter labor market than the unemployment rate. Openings rose to 5.5 million, but remain below levels reached earlier in the year—consistent with a slower pace of net hiring.
Turnover edged up in November, but the still-low level remains a hurdle for unemployed workers to transition to employment

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Wells Fargo Research Team

Wells Fargo

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