“No cooling yet” from US April JOLTS report

01 June 2022

 

Summary: US quit rate unchanged in April; quits, openings, separations all down; almost two job openings for every unemployed person, “no cooling yet”. 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 then plummeted as alternative...

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