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There were 4.0 million job quits in October 2022, and the quits rate was 2.6 percent. Both numbers were little different from recent months. The quits rate in the information industry fell from 1.9 percent in September 2022 to 0.9 percent in October 2022. This represents a drop in information industry quits from 57,000 to 28,000.
read full article »Total factor productivity increased in 15 out of 21 major industries in 2021. The largest increase was in arts, entertainment, and recreation (15.1 percent). This was followed by increases in accommodation and food services (12.4 percent), management of companies (6.2 percent), and information (4.6 percent).
The ability to telework was available to 10.6 percent of civilian workers during 2022. Among occupational groups, the ability to telework ranged from about half of workers in computer and mathematical occupations to less than 2.0 percent of workers in healthcare occupations.
California’s jobless rate decreased 2.1 percentage points over the year ended October 2022. This was the largest decrease for any state over the year. It was followed by New Jersey, where the jobless rate decreased by 2.0 percentage points.
From October 2021 to October 2022, nonfarm payroll employment increased in 46 states and was essentially unchanged in 4 states and the District of Columbia.