Jobs day in focus as markets fall from record highs

Jobs data released earlier this week show that the days of carefree job-hopping appear to have come to an end.In January, the quits rate measured 2.1%, the lowest reading since August 2020, according to the latest Job Openings and Labor Turnover Survey (JOLTS) report.In addition to the drop in voluntary quits, the report showed that hiring activity and the number of available jobs continued to ease from the record-high levels reached during the pandemic-recovery. Layoffs dipped as well.Still, the number of job openings — a closely watched measure of labor demand — remains well above…