Quits were high in the low-wage hotel and restaurant industries
Price gains in recent months have run well above the Fed's 2% inflation target
The United States annualized GDP growth, at 2.3% in Q3, was better than the original estimate of 2.1%
Even before the omicron variant appeared, consumer optimism was being tested by price spikes
Growth could surge to an 8% rate in the fourth quarter, some economists say
Borrowing needs are starting to ease
Growth dipped 0.3 percentage-points to 60.8% last month
The U.S. economy slowed sharply to a 2% annual growth rate in the July-September period
The figure is the second-highest on record but an improvement over 2020
The overall outlook for near-term economic activity remained positive