The economic reports of the past several days indicate a slowing economy that continues to grow, albeit at a slower pace. The Federal Reserve's quick response early last year with their rate hike campaign appears to have thwarted an extended hyper-inflation cycle that would ultimately end poorly for the economy with a potentially more destruction collapse.
The summary of these two reports indicates a still strong labor market and employers' need for more workers. The high level of turnover or quits would also indicate that people are changing jobs frequently for potentially better conditions, location, and/or wages.
What Does This Mean to Me?