Steady US quit rate; more quits, openings, separations in February

02 April 2024

 

Summary: US quit rate steady at 2.2% in February; short-term US Treasury yields slip, longer-term yields up; expectations of Fed rate cuts firm; ANZ: ratio of job openings to available workers points to moderation in labour-market-driven inflation pressures; more quits, openings, 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...

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