US quit rate unchanged as job openings fall, separations up

12 January 2021

 

Summary: US quit rate unchanged in November; job openings down by 1.6%, total separations up 5.3%; US Treasury yields slip.   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 introduced in March 2020. The quit rate plummeted as alternative employment opportunities rapidly...

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