Jobs

Two big takeaways from the JOLTS report

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 global parental leave paradox

Reproduced from World Policy Center; Map: Axios Visuals

Parental leave is steadily becoming ubiquitous around the world, but workplace cultures in many countries continue to prevent employees — especially fathers — from taking time off.

Why it matters: Paid leave not only benefits families but also makes people more likely to re-enter the workforce, experts say. And in the U.S., as the labor market tightens, robust time off policies for new parents is emerging as one way to attract talent.