Hot hiring market will continue in 2023, but some relief for employers could be on horizon - Phoenix Business Journal

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The intense battle for talent remains hot, but some relief could be on the way for employers

offers yet another sign the intense battle for talent isn't likely to end in the near future.

Meanwhile, the quit rate remains at 2.7% — down from recent highs but still well above pre-Covid levels — and layoffs remain flat,or the percentage of working-age Americans actively engaged in the workforce, fell in November to 62.1%, down from 62.4% in August and up from 60.2% at the height of the pandemic. Before the pandemic, the rate stood at about 63.4%.

 

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