Press ReleaseJanuary 30, 2024
Job Creators Network Responds to December JOLTS Report
Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement on the December Job Openings and Labor Turnover Summary (JOLTS) Report, which showed national job openings, hires, and quits remained little changed at 9 million, 5.6 million, and 3.4 million, respectively:
“Today’s JOLTS report is just the latest indication the labor market is softening. Businesses are in a hiring holding pattern because elevated price levels and ongoing high inflation due to Democrats’ reckless spending are reducing consumer demand. High interest rates are also making it more difficult for businesses to access the credit they need to expand and hire.“There are fewer people being hired and fewer people quitting their jobs than before the pandemic. And the downward trajectory of these labor market indicators is stark. Job openings, hires, and quits have fallen by around one-quarter since early 2022. To protect and reinvigorate the labor market, voters must reject Democrats’ reckless spending, overregulation, and tax hikes in favor of pro-growth, pro-small business policies.”
