unemployment line
Applicants a job fair in Atlantic City.
  • The number of people who quit their jobs fell 12% last year, new data shows.
  • That could be a sign that workers feel less confident about the state of the labor market.
  • Forecasters warn the unemployment rate could tick up in 2024 as the economy slows.

Friday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown.