Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data released Tuesday.
Reflecting a tightening labor market, vacancies rose to 10.92 million, well above the FactSet estimate for 10.28 million and an increase of 1.4% from November. The job opening rate as a share of the labor force was unchanged at 6.8%.
The quits level, which soared to record highs in recent months, moved lower to 4.34 million, a decrease of 3.6%. The quits rate fell to 2.9%, a decrease of 0.1 percentage point.
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