Quit rate up in US, job openings sign of expanding economy

09 February 2021

 

Summary: US quit rate rises in December; job openings up, total separations down; higher job openings “normally associated with expanding economy”.   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...

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