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Expand chart
Data: BLS via Federal Reserve Bank of St. Louis; Chart: Andrew Witherspoon/Axios

There were two themes that persisted in November's U.S. job openings and labor turnover survey (JOLTS) released on Friday — the stubborn quits rate and the consistent decline in the number of job openings.

The big picture: Job openings fell by 561,000 to 6.8 million, the Labor Department said, the biggest drop since August 2015. That pushed the number of job openings to the lowest level since February 2018.

  • The number of job openings in the U.S. peaked in November 2018 and has fallen almost every month since, with the pace of the decline picking up steam toward the end of the year.

On the other side: After rising near a record high in July and August, touching 2.4%, the quits rate has fallen back and again looks stuck at 2.3%. The percentage of people who willingly leave a job is a positive sign of economic momentum and confidence.

  • The quits rate stayed at 2.3% from June 2018 to June 2019, the longest streak on record.
  • It hit 2.5% in January 2001 and has not been able to reach that number since.

Go deeper: Unemployment fell to 50-year low in 2019 but wages stagnated

Go deeper

Dan Primack, author of Pro Rata
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Moderna exec says children could be vaccinated by mid-2021

Tal Zaks, chief medical officer of Moderna, tells "Axios on HBO" that a COVID-19 vaccine could be available for children by the middle of next year.

Be smart: There will be a coronavirus vaccine for adults long before there is one for kids.

Updated 2 hours ago - Politics & Policy

Sen. Kelly Loeffler to return to campaign trail after 2nd negative test

Sen. Kelly Loeffler addresses supporters during a rally on Thursday. Photo: Jessica McGowan/Getty Images

Sen. Kelly Loeffler's (R-Ga.) campaign announced Monday that she "looks forward to getting back out on the campaign trail" after testing negative for COVID-19 for a second time, following earlier conflicting results.

Why it matters: Loeffler has been campaigning at events ahead of a Jan. 5 runoff in elections that'll decide which party holds the Senate majority. Vice President Mike Pence was with her on Friday.

Updated 6 hours ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.