A record 4.5 million Americans left their jobs in November
The number of Americans voluntarily quitting their jobs rose to a record 4.5 million in November, a show of confidence in the job market and an indication that higher wages may prevail for a time.
Most of the 370,000 resignations reported by the Labor Department on Tuesday were from the lodging and food industries.
There were also increases in resignation figures in the health and social care industries, as well as in the transportation and warehousing industries.
Every region in the US reported an increase in the number of people quitting their jobs.
Vacancies, a measure of labor demand, fell by 529,000 in November to 10.6 million, a still high number. Economists had predicted 11.075 million job openings.
There were declines in job openings in the lodging and food services, construction and non-perishable goods manufacturing industries.
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