Yulia Slavina

Hiring, quits, and openings decline compared to past average, Mike Konczal notes

Hiring, quits, and openings decline compared to past average, Mike Konczal notes
Hiring and job openings down at 4.14% unemployment

Hiring rates, quits, and job openings are currently lower than average levels seen between July 2017 and June 2018, a time when the U.S. unemployment rate was also around 4.14%.

Mike Konczal observed that, given the current level of unemployment, hiring has decreased significantly.

Konczal has previously shared economic data charts during the U.S. inflation wave from 2021 to 2023, offering perspectives on labor and price trends here. He also discussed the debate over the low percentage of items with at least 3% inflation growth in the past year here. His recent observations continue to focus on shifting patterns in employment and inflation data.

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