US job openings plunge; quit rate still close to record

17 January 2020

 

The quit rate as a percentage of total US non-farm employment increased slowly but steadily from the end of the GFC. It peaked in August 2018, stabilised and then remained largely unchanged through the remainder of 2018 before it hit a new peak in July 2019. It has tracked sideways since then. Figures released as part of the most recent JOLTS report show the quit rate has been maintained at...

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