- Job quitters declined by 4.7%, falling to 4.16 million from 4.36 million, according to the Labor Department.
- Job openings accelerated to just below their all-time high, totaling 11.03 million, an increase of 4.1% as the rate rose to 6.9% from 6.7%.
- Economists have used the term "The Great Resignation" to describe the large number of quits in recent months.
The so-called Great Resignation lost some steam in October, with the total number of workers leaving their jobs either due to dissatisfaction or better opportunities elsewhere declining, the Labor Department reported Wednesday.
Job quitters fell by 4.7%, falling to 4.16 million from 4.36 million, the department said in its Job Openings and Labor Turnover Survey. The rate as a share of the workforce fell from 3% to 2.8%.
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