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IJob Openings & Labor Turnover Survey <br />14,000 <br />� Recession <br />12,000 <br />10,000 <br />0 <br />0 <br />0 8,000 <br />tA <br />c <br />c 6,000 <br />s <br />c <br />4,000 <br />2,000 <br />0 <br />tiOP SOP <br />tiOP <br />OP <br />OI, OQ <br />OS <br />06. <br />Source: US Department of Labor <br />Job Openings <br />+o, +01 ti01 tiOP tiOP moo` tio, +o, +oL+o, +01 tiOP tiOP tiO f moo` +o, +01, <br />'0 0 �9 10 11 1� 1� 1Q 1S 76 I j 1& 19 '--'0' <br />The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) dipped to 8.79 million in November, compared to an upwardly <br />revised 8.85 million for October. While on a downward trend, job openings still represent a healthy ratio of around 1.4 jobs for each <br />unemployed individual. The quits rate declined to 2.2%, hovering around pre -pandemic levels, down from its high of 3.0% in mid-2022 <br />when labor demand far outstripped supply. While the current level of job openings remains elevated from a historical perspective, the <br />trend is decelerating. <br />5 C11 <br />13/91 <br />