Colossal Churn in the Labor Market Ends: Voluntary Quits, Job Openings, Layoffs & Discharges, and Hires

The data has been pointing in the same direction for months: Employees have gotten more worried about their jobs after the purposefully scary headlines about global layoff announcements, and after seeing some actual layoffs, and after noticing that employers aren’t quite as aggressive anymore in trying to hire; and so they quit quitting their jobs.