Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data 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 rate of job openings as a share of the labor force was unchanged at 6.8%.
The quits level, which had soared to record highs in recent months amid a confluence of factors, 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.December's numbers further pointed to how close the economy is to full employment. There were 4.6 million more vacancies than workers consideredIn other economic news Tuesday, the ISM Manufacturing survey for January came in at 57.6%, a decline of 1.
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