Hiring and Attrition — November 2025
Release Date: December 4, 2025
Summary
Hiring and attrition rates continued their downward trend, reflecting a slowdown in labor market dynamism. In November, the annualized hiring rate stood at roughly 21.5%, down from levels consistently above 30% during the 2021–2022 hiring boom. Attrition rates also declined, suggesting workers are increasingly staying in their jobs as opportunities to switch have diminished. The slowdown in both hiring and attrition points to a cooler labor market, where fewer firms are expanding headcount and job seekers face limited openings.
Hiring rates by sector
Hiring rates by sector for September, October, and November 2025, including year-over-year and month-over-month changes.
Sector | September 2025 | October 2025 | November 2025 | YoY change (pp) (Nov 24–Nov 25) | MoM change (pp) (Oct 25–Nov 25) |
|---|---|---|---|---|---|
Total US | 22.0% | 21.5% | 21.5% | -1.9 pp | +0.0 pp |
Agriculture, Forestry, Fishing and Hunting | 35.0% | 32.5% | 33.4% | -1.6 pp | +0.9 pp |
Mining, Quarrying, and Oil and Gas Extraction | 20.2% | 22.2% | 21.4% | +1.8 pp | -0.8 pp |
Utilities | 43.4% | 43.9% | 43.5% | +0.3 pp | -0.4 pp |
Construction | 18.1% | 17.9% | 16.5% | -0.1 pp | -1.4 pp |
Manufacturing | 28.2% | 27.5% | 27.0% | +0.0 pp | -0.5 pp |
Wholesale Trade | 14.7% | 14.4% | 14.3% | -0.1 pp | -0.1 pp |
Retail Trade | 17.8% | 16.8% | 17.4% | -2.8 pp | +0.6 pp |
Transportation and Warehousing | 14.8% | 14.8% | 13.8% | -1.1 pp | -1.0 pp |
Information | 81.6% | 80.2% | 79.7% | -2.7 pp | -0.5 pp |
Financial Activities | 32.8% | 31.5% | 30.1% | -2.1 pp | -1.4 pp |
Professional and Business Services | 22.2% | 21.3% | 20.9% | -2.5 pp | -0.4 pp |
Education and Health Services | 23.2% | 23.7% | 24.4% | -2.8 pp | +0.7 pp |
Leisure and Hospitality | 21.9% | 21.0% | 21.0% | -1.6 pp | +0.0 pp |
Other Services (except Public Administration) | 22.5% | 22.9% | 22.8% | -2.6 pp | -0.1 pp |
Public Administration | 12.6% | 12.0% | 13.1% | -1.9 pp | +1.1 pp |
Unclassified | 22.5% | 24.1% | 21.3% | -0.4 pp | -2.8 pp |
Attrition rates by sector
Attrition rates by sector for September, October, and November 2025, including year-over-year and month-over-month changes.
Sector | September 2025 | October 2025 | November 2025 | YoY change (pp) (Nov 24–Nov 25) | MoM change (pp) (Oct 25–Nov 25) |
|---|---|---|---|---|---|
Total US | 21.7% | 21.6% | 21.6% | -1.1 pp | +0.0 pp |
Agriculture, Forestry, Fishing and Hunting | 30.1% | 31.7% | 32.5% | -3.0 pp | +0.8 pp |
Mining, Quarrying, and Oil and Gas Extraction | 24.0% | 24.9% | 23.3% | +1.6 pp | -1.6 pp |
Utilities | 45.8% | 43.4% | 44.6% | +2.1 pp | +1.2 pp |
Construction | 16.9% | 17.4% | 16.4% | +0.7 pp | -1.0 pp |
Manufacturing | 28.4% | 27.9% | 27.7% | -0.1 pp | -0.2 pp |
Wholesale Trade | 14.5% | 14.6% | 14.8% | +0.0 pp | +0.2 pp |
Retail Trade | 17.1% | 17.8% | 18.2% | -2.4 pp | +0.4 pp |
Transportation and Warehousing | 14.9% | 15.1% | 15.6% | +0.2 pp | +0.5 pp |
Information | 82.3% | 80.4% | 80.1% | -2.3 pp | -0.3 pp |
Financial Activities | 31.5% | 30.1% | 30.7% | -0.8 pp | +0.6 pp |
Professional and Business Services | 21.6% | 20.9% | 21.1% | -1.6 pp | +0.2 pp |
Education and Health Services | 23.6% | 22.8% | 22.8% | -1.6 pp | +0.0 pp |
Leisure and Hospitality | 20.9% | 21.9% | 22.2% | -1.0 pp | +0.3 pp |
Other Services (except Public Administration) | 22.0% | 23.1% | 23.0% | -1.8 pp | -0.1 pp |
Public Administration | 12.8% | 13.2% | 12.4% | -0.9 pp | -0.8 pp |
Unclassified | 17.3% | 21.2% | 21.3% | -0.2 pp | +0.1 pp |
