text:  and moving above the inflation rate, we have an unemployment rate 4.1%. That's constructive and encouraging. In 2021 and 2022, the rate at which workers were quitting and switching to new jobs to get higher wages hit levels never seen before. Now, the quits rate is back below its pre-pandemic level, and employers have more clout in hiring again, says Frank Fiorelli at Payroll Processor Paychecks.