Hires rate at a healthy level. Separations rate also trending up; separations include voluntary quits, layoffs, and others.

Assuming voluntary quits and others (e.g., retirement) are part of the 'normal' labor market, we can split the above chart into 'net' hires (i.e, hires minus quits and minus others) and layoffs:

There are 5.4 million job openings in the US...

...and 7.9 million unemployed

Quits ratio is high relative to layoffs.

No wonder some companies are having hard time finding people to work...

...despite paying higher wages and planning to continue to increase wages

Current job openings rate was, in the past, compatible with much lower unemployment rates...

...but the bulk of the difference is long-term unemployment; short term unemployment rate is close to the previous cycle low (2007); interestingly short-term unemployment rate seems to have stalled at current low levels.