Professional Capital Management founder and CEO Anthony Pompliano argues tariffs don’t cause inflation, they incentivize domestic production, on ‘Varney & Co.’
The Great Resignation appears to have come to an end as more Americans are staying put in their jobs.
A business looks to hire workers in Miami on May 5, 2023. (Joe Raedle/Getty Images / Getty Images)
The number of U.S. workers that quit their job in 2024 tumbled 11% in 2024 to 39.6 million from the year before, according to Labor Department data released this week and analyzed by The Wall Street Journal.
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The outlet noted that is 22% less than in 2022, when the post-pandemic Great Resignation was at its peak.
A “now hiring” sign is displayed in a shop in New York City on Oct. 21, 2022. (Leonardo Munoz/VIEWpress / Getty Images)
Although the labor market is still strong, with layoffs remaining low, work opportunities are becoming scarcer for those who are unemployed. The government reported on Tuesday that there were 1.1 job openings for every unemployed person in December, down from a high of two in March 2022.
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Though business sentiment perked up in the aftermath of President Donald Trump’s victory in November, hiring plans have remained lackluster amid expectations that demand will slow this year because of still-restrictive monetary policy and high prices from tariffs.
Former Arkansas Gov. Mike Huckabee reacts to President-elect Donald Trump’s Mar-a-Lago news conference on ‘The Evening Edit.’
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The Labor Department’s nonfarm payrolls report that is due on Friday morning is expected to show an increase of 170,000 jobs added in January, down from the much larger than anticipated gain of 256,000 in December.
Reuters and FOX Business’ Matthew Kazin contributed to this report.
