2025-12-31 15:21:46

The US job market is showing signs of weakness. In October, the private sector resignation rate fell to 2.0%, the lowest since the outbreak of the pandemic in 2020. This figure reflects the proportion of private sector employees voluntarily resigning.

During the same period, the non-farm total resignation rate dropped to 1.8%, hitting a new low since May 2020. Notably, these two indicators have now fallen back to levels seen during the 2008 financial crisis.

A comparison with historical data makes it clearer — during the 2001 recession, private resignation and total resignation rates were 2.5% and 2.2%, respectively, both significantly higher than current levels.

Why are resignation rates falling so quickly? Simply put, the pace of hiring has slowed noticeably, job opportunities have decreased significantly, and employees find it less easy to switch jobs. In this situation, the US job market is in urgent need of rate cuts to stimulate the economy.

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DegenDreamer

· 2025-12-31 15:50

Wow, the resignation rate has dropped to the level of 2008. Is a financial crisis about to happen? No one dares to resign anymore. What does that mean? It means there's no way out. Hiring has slowed down and there are fewer positions. The next step might be a wave of layoffs. Feels like it's coming. Cutting interest rates to save the market? The printing press is about to start again? The Federal Reserve is about to loosen monetary policy? These data points look a bit off. Feels like something's going to go wrong. A wave of unemployment is coming, everyone stock up on stablecoins. Is the US economy really collapsing, or did I misunderstand? Record low resignation rate = everyone is just holding on. This means layoffs are not far off. I don't understand how cutting interest rates can save employment. Something's not right with this logic. It feels like the US is heading into a recession this time. Need to carefully allocate assets.

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GasFeeCrier

· 2025-12-31 15:43

People are afraid to resign now, I’ve smelled this before... --- The resignation rate has dropped to 2008 levels? Oh my, the economy is about to cool down --- Hiring has slowed down and there are fewer positions, in other words, everyone is stuck --- Cutting interest rates? Will the Federal Reserve listen? Hahaha --- These data are more frightening than the comments themselves, a quiet wave of unemployment

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FlashLoanPhantom

· 2025-12-31 15:23

Wow, another big recession coming? The resignation rate has dropped so much that it's really unsustainable. People are all scared; there's no way out. The Federal Reserve now has to seriously consider cutting interest rates, or it's really over. Basically, there are no good jobs anymore, who would dare to quit without a backup? Is this data even worse than 2008? That's a bit scary.

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