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Record 4.5 million Americans quit jobs in November

Tuesday, January 4, 2022
Record 4.5 million Americans quit jobs in November © Reuters. FILE PHOTO: A hiring sign is posted near an Ellume building that is under construction in Frederick, Maryland, U.S., November 18, 2021. Picture taken November 18, 2021. REUTERS/Leah Millis

WASHINGTON (Reuters) - The number of Americans voluntarily quitting their jobs surged to a record 4.5 million in November, a show of confidence in the labor market and an indication that higher wages could prevail for a while.

The 370,000 increase in quits reported in the Labor Department's monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday was led by the accommodation and food services industry.

There were also big increases in the health care and social assistance fields as well as the transportation, warehousing and utilities sectors. All four U.S. regions reported a rise in the number of people quitting their jobs.

Job openings, a measure of labor demand, dropped by 529,000 to a still-high 10.6 million on the last day of November. Economists polled by Reuters had forecast 11.075 million vacancies. There were large declines in job openings in the accommodation and food services, construction and nondurable goods manufacturing industries.

Hiring was little changed at 6.7 million.

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17-01-2022 10:40:18 (UTC+7)

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 EUR/USD1.1401Buy
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 USD/JPY114.57↑ Buy
 AUD/USD0.7218↑ Buy
 USD/CAD1.2506↑ Sell
 EUR/JPY130.62Buy
 EUR/CHF1.0424↑ Sell
 Gold1,818.35↑ Sell
 Silver23.020↑ Buy
 Copper4.4250↑ Buy
 Crude Oil WTI83.44↑ Buy
 Brent Oil86.17↑ Buy
 Natural Gas4.300Neutral
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,308.65↑ Buy
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 DAX15,957.54↑ Buy
 FTSE 1007,611.03↑ Buy
 Hang Seng24,218.03↑ Buy
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 IBEX 358,850.50Neutral
 BASF68.155Buy
 Bayer52.98↑ Buy
 Allianz226.57Buy
 Adidas252.57Sell
 Lufthansa7.211Neutral
 Siemens AG147.04Buy
 Deutsche Bank AG12.014Neutral
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