US quit rate up, openings down in February

04 April 2023

 

Summary: US quit rate rises to 2.6% in February; US yields down; expectations of lower rates firm; quits up, openings, separations down; NAB: confirms softening in US labour demand. 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...

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