November JOLTS report sends US bond yields higher

07 January 2025

 

Summary: US quit rate falls back in November; US Treasury yields rise; expectations of Fed rate cuts soften; fewer quits, more openings, fewer separations. 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...

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