The National Landscape
Slower growth in the manufacturing sector during the second half of 2024 allowed the labor market to realign and stabilize. National quit rates in manufacturing fell from 1.8% in December 2023 to 1.5% in December 2024. Meanwhile, the ratio of manufacturing job openings to manufacturing unemployment dipped in 2024, meaning fewer job openings.
Ratio of Manufacturing Job Openings to Unemployment
3.0
2.5
2.0
1.5
1.0
0.5
0.0
2018
2019
2020
2021
2022
2023
2024
Source: Bureau of Labor Statistics and Deloitte, 2025 Manufacturing Industry Outlook
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