The food service and accommodation industry saw the highest monthly decline in job openings among all other sectors in November — declining to 1.3 million openings from 1.6 million in October, according to new data released Tuesday by the Bureau of Labor Statistics.
Job openings declining in the industry isn’t necessarily a sign of strength — or weakness — for the industry, said Daniel Zhao, senior economist at careers website Glassdoor. Hiring was relatively flat in the industry compared to prior months — but it’s still hovering at around 1 million new hires.
“The slowdown in job openings is a natural response to the pandemic worsening as employers hesitate to go full force on hiring until the public-health situation improves,” Zhao told MarketWatch. Some 4.5 million Americans quit their jobs in November — marking a record quit rate of 3%.
As such measures suggest, “employers are still hiring aggressively and…