October JOLTS figures “heading in the right direction”

30 November 2022

 

Summary: US quit rate slips to 2.6% in October; some indicators “heading in the right direction”; US yields down, expectations of higher rates soften; quits, openings down, separations 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...

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