US quit rate holds up, openings continue downtrend

05 November 2019

 

The quit rate as a percentage of total US non-farm employment increased slowly but steadily from the end of the GFC. It peaked in August 2018, stabilised and then remained largely unchanged through the remainder of 2018 before it hit a new peak in July 2019. Figures released as part of the most recent JOLTS report show the quit rate has slowed from the record levels reached in July and...

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