The chart has two plotted lines. One line shows the Vanguard hires rate from April 2003 through April 2024. It begins the period at 2.4% 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 finishes the period shown at 2.8%. The other line shows the JOLTS hires rate from April 2003 through March 2024. It begins the period at 4.0% and varies after that, with a notable dip during the global financial crisis and a spike following the COVID-19-induced recession. It finishes the period shown at 3.5%.