US October JOLTS consistent with “very tight labour market”

07 December 2021

 

Summary: US quit rate falls back to 2.8% in October JOLTS report; consistent with “very tight labour market”; points to further strength in wage growth; quits, separations down, job openings up. 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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