“Frustrating outcome” for Fed from September JOLTS report

01 November 2022

 

Summary: US quit rate steady at 2.7% in September; report a “frustrating outcome” for Fed; US short-term yields up, longer-term yields down; expectations of higher rates harden; quits, separations down, 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...

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