Quit rate remains high, labour demand “very strong”

10 June 2019

 

The quit rate as a percentage of total US non-farm employment had been rising slowly but steadily since the end of the GFC. It peaked in August 2018 and then stabilised, with total quits roughly increasing at the same rate as non-farm employment.  Figures released as part of the most recent JOLTS report show the quit rate has remained unchanged at a historically high level. During April, 2.3% of the...

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