(New York, NY) — More people are deciding to stay at their jobs. White-collar job turnover has declined so steeply at some large employers that companies now find themselves over budget on certain teams and projects.
Hiring slowed in October, with U.S. employers adding half as many jobs as they did in September. The unemployment rate rose to three-point-nine-percent, but is still hovering near historic lows, according to the Labor Department.
Nationally, the quits rate remained at two-point-three-percent in September for the third month in a row, down from a three-percent peak in April 2022. This year, 73-pecent of workers said they planned to stay at their jobs, up from 61-percent last year.