US September JOLTS ratios highest in series’ history

12 November 2021

 

Summary: US quit rate hits series high of 3.0% in September JOLTS report; “indicative of growing wage pressure”; quits up, separations up, job openings down; openings-to-jobless ratio highest in series’ history. 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...

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