People quit quitting, so fewer job openings to fill, fewer people to hire, less churn. Good for employers, not so good for workers. Layoffs & discharges dropped below Good-Times lows.
Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros.