“Encouraging” May JOLTS report still leaves long road ahead

07 July 2020

 

Summary: US quit rate reverses course, rises; job openings up as well; total separations down; accommodation & food sales sector bounces back; openings-to-jobless ratio indicates “some time” for jobless rate to fall meaningfully.   The number of US employees who quit their jobs as a percentage of total employment increased slowly but steadily after the GFC. It peaked in March 2019 and then tracked sideways until virus containment measures were...

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