BambooHR
Workforce Insights
Monthly Report — November 2025
Welcome to the November edition of the BambooHR Workforce Insights report, where we dive into the latest trends shaping the world of employment.
Workforce Insights is powered by aggregated data trends from the millions of admins, managers, and employees who use BambooHR® in the US and across the globe.
Turnover Falls to Pandemic-Era Numbers
The 2025 labor market has seen a series of slowdowns, with significant drops in both hiring and turnover. Those hoping the year will end in a last-minute infusion of activity will have to keep those fingers crossed: November data indicates that the market is continuing to stall.
BambooHR’s comprehensive platform data, sourced from over 5 million employee data points across the world, provides a global perspective on the current job market, so you can stay up-to-date on the latest employment trends.
Global hiring, turnover, and job openings all dropped from October to November, and the proportion of turnover to total employees reached its lowest level since November 2020, at just 1.6%.
The decline in global hiring and turnover has become a steady trend for 2025, with hiring down 14% and turnover down 21% since this time last year. Job openings, on the other hand, are on the upswing, with a 15% year-over-year increase. The disparity between hiring and job openings points to a mixed international outlook. While global business leaders remain optimistic about growth, they have less confidence in their own ability to execute plans.
The US is performing similarly to the global market, with turnover declining 23% year-over-year and hiring down by 15%. US job openings are following the same trend line as global jobs, with a 15% year-over-year increase.
More takeaways from November:
- Industry trends: Hiring, job openings, and turnover decreased across all sectors with the exception of finance, which saw no change in turnover.
- Regional patterns: All regions saw a decrease in turnover, with Latin America leading the way with a 30% decrease.
- Company size dynamics: Hiring, turnover, and job openings decreased for all company sizes. Larger companies (151+ employees) had the highest proportion of new hires to total employees and the lowest proportion of job openings.
Hiring, Job Openings, and Turnover
Globally, in November 2025, hiring was down 18%, turnover was down 24%, and job openings fell 15% compared to October.
Hiring
- In the US:
- 21% decrease in hiring from October 2025 to November 2025.
- 15% decrease in hiring year-over-year from November 2024.
- Globally:
- 18% decrease in hiring from October 2025 to November 2025.
- 14% decrease in hiring year-over-year from November 2024.
Job openings
- In the US:
- 17% decrease in job openings from October 2025 to November 2025.
- 15% increase in job openings year-over-year from November 2024.
- Globally:
- 15% decrease in job openings from October 2025 to November 2025.
- 15% increase in job openings year-over-year from November 2024.
Turnover
- In the US:
- 26% decrease in turnover from October 2025 to November 2025.
- 23% decrease in turnover year-over-year from November 2024.
- Globally:
- 24% decrease in turnover from October 2025 to November 2025.
- 21% decrease in turnover year-over-year from November 2024.
Month-over-Month (MoM),
Year-over-Year (YoY)
Industry Trends: Hiring, Job Openings, and Turnover
- Hires, job openings, and turnover decreased across all industries from October to November, with the exception of finance, which saw no change in turnover.
- Healthcare and nonprofit had the highest proportion of job openings, while technology had the lowest.
- Education had the greatest dip in hiring month-over-month, with a 30% decrease.
- Finance had the highest proportion of turnover, while education had the lowest.
- Travel and hospitality had the smallest month-over-month decrease in hiring (-5%), but the greatest fall in job openings (-23%).
Regional Trends: Hiring, Job Openings, and Turnover
- Turnover decreased across all regions month-over-month, with Latin America (LATAM) leading the way at 30%.
- LATAM had the greatest percentage of new hires in proportion to total employees, while Middle East/Africa (MEA) had the lowest.
- North America and MEA had the highest proportions of job openings and Europe had the lowest.
- North America and Asia Pacific had the highest proportions of turnover, and MEA had the lowest.
- Job openings increased by 4% month-over-month in Europe and Asia Pacific, but fell 29% in LATAM.
- Hires increased by 12% month-over-month in LATAM and decreased by 22% in Europe.
Company Size Trends: Hiring, Job Openings, and Turnover
- Hires, job openings, and turnover decreased for all company sizes from October to November.
- Larger companies (151+ employees) had the highest proportion of new hires to total employees; smaller companies (<25 employees) had the lowest.
- Mid-sized companies (25–150 employees) had the highest percentage of job openings and turnover in proportion to total employees.
- Larger companies (151+ employees) had the lowest percentage of job openings in proportion to total employees.
Methodology
All source data is from the BambooHR platform, gathered between December 2018 and November 2025, and includes over 5.01 million employee data points across the globe.
The data includes hiring, turnover, and job openings and other data points that have been analyzed in an aggregated, anonymized way to protect the privacy of employees and the integrity of the metrics.
Turnover includes all types of separation of an employee from their company, including voluntary and involuntary separations.
About BambooHR
BambooHR® is the leading HR software solution that sets people free to do great work® by managing the complex work of supporting employees and succeeding as a business, while giving leaders all the data they need to make informed strategic decisions.
Intuitively designed and easy-to-use benefits administration, payroll, performance, time tracking, and reporting, where everything works together means less focus on process and more focus on growing what matters most—people.
Over the past 15 years, BambooHR has been the trusted partner of HR professionals at more than 33 thousand companies with employees in over 190 countries and 50 industries, supporting millions of users throughout their employee experience.
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