JOLTS report: US job market strength

06 April 2021

 

Summary: US quit rate holds in February; “illustrates strength of labour market rebound”; job openings, separations both 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 2020. The quit rate plummeted as alternative employment opportunities rapidly dried up...

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