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Jolts Job Report Release

United State Of America – Job opportunities in the United States increased to 10.925 million in December 2021, up from 10.775 million the previous month and exceeding market expectations of 10.3 million. The number of job opportunities remained at record highs, as firms continued to struggle to fill positions.

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Job opportunities grew across various industries, with the highest increases in lodging and food services (+133,000), information (+40,000), nondurable products manufacturing (+40,000), and state and local government education (+31,000 each). Job opportunities in banking and insurance (-89,900) and wholesale commerce both fell (-48,000). The number of job vacancies remained very stable across all four regions.

In December 2021, the number of quits in the United States decreased to 4.3 million, following a series high of 4.5 million in November. The quit rate fell to 2.9 percent from 3% the previous month.
Quits in health care and social support declined by 89,000, lodging and food services decreased by 64,000, and construction decreased by 64,000. (-44,000). Manufacturing of nondurable goods saw an increase in layoffs (+19,000). The South region saw a reduction in the number of quitters.

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