If the number of employees who quit, are fired, or retire increases while the hiring of new employees declines, this indicates that the

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If the number of employees who quit, are fired, or retire increases while the hiring of new employees declines, it indicates a decrease in labor supply and an increase in labor demand. This shift in the labor market results in an increase in wages and a decrease in employment levels. Therefore, the labor demand curve is shifting to the left.

If the Number of Employees Who Quit, Are Fired, or Retire