The figure has two plotted lines. One line shows the JOLTS hires rate starting from January 2006. It begins the period at 3.9% and varies after that, with a notable dip during the global financial crisis and a spike following the COVID-19-induced recession. It decreases to finish at 2.8% in February 2025. The second plotted line shows the Vanguard hires rate starting from January 2006. It begins the period at 2.2% 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 rises after the 2020 recession and then decreases to finish at 1.9% in March 2025.