Hiring rate falls to its lowest level since early 2011, aside from the worst moment of the pandemic. Rents are coming down
For private sector jobs, a low(er-)hire, but (still) low-fire market: • Vacancy rate ticked down to 4.5% in November, matching a cycle low • Hiring rate ticked down to 3.5% in November, matching a cycle low • The job-quitting rate …