Unemployment Rate Drops, Quit Rate Jumps and Job Openings Surge
Intensifying an already competitive labor market, the unemployment rate dropped to 4.2 percent in September, a sixteen-year low, the government reported Friday. The quit rate jumped to 2.5 percent, a ten-year high, and job openings surged 7 percent over prior month, further fueling the battle to hire and retain workers. The September Jobs Report revealed that the number job seekers decreased, employee turnover increased and avail...
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