From CNBC: 2024-12-09 14:31:40

The U.S. job market shows low hiring and firing rates, with a record 51% of workers seeking new jobs. Job satisfaction hits a record low. The ‘great resignation’ has turned into the ‘great stay’ as businesses focus on retention over hiring.

Despite a strong job market overall, hiring rates remain low, with unemployment at historical lows and layoffs decreasing. The ‘great resignation’ has shifted to the ‘great stay’ due to factors like labor hoarding by businesses.

The job market is diverging for workers, with robust job growth in certain industries like health care and leisure, while white-collar fields see slow growth. Job seekers may need to reskill and widen their search, while those with secure jobs should see unprecedented job security.

Read more: The U.S. job market is stagnant right now