July JOLTS report a sign of labour market strength; may be “dated”

Summary: US quit rate remains unchanged in July JOLTS report; quits, job openings, separations all up; labour demand remained “very strong” over mid-2021 but report somewhat “dated”; Delta variant holding back public-facing sectors. 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...

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