This page looks at labor demand indicators from the JOLTS surveys. The chart on the left shows the number of job openings. While openings have come off record highs, they still remain remarkably high by historical standards. This is important because even if a recession weighs on labor demand, there is a large buffer before demand falls behind supply and results in unemployment. The top right chart shows that quit levels have risen to record highs, suggesting that workers feel emboldened by a hot labor market to search for better job opportunities. The bottom right shows layoffs near record lows as companies try to retain their existing workers. While labor supply may continue to gradually recover, slowing economic growth should bring labor demand down to more reasonable levels.