The chart has two plotted lines. One line shows the Vanguard hires rate from March 2005 through June 2024. It begins the period at 2.4% and varies after that, with a notable dip in 2008–2009 during the global financial crisis and another pronounced dip in 2020 due to the COVID-19-induced recession. It finishes the period shown at 2.4%. The other line shows the JOLTS hires rate from March 2005 through June 2024. It begins the period at 4.0% and varies after that, with a notable dip during the global financial crisis and a spike following the COVID-19-induced recession. It finishes the period shown at 3.6%.