US quit rate continues downtrend in March

01 May 2024

 

Summary: US quit rate declines to 2.1% in March; Citi: falling quits consistent with weakening perceptions of employment prospects; US Treasury yields fall; expectations of Fed rate cuts firm; fewer 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 then tracked sideways until virus containment measures were introduced...

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US quit rate continues downtrend in March

01 May 2024

 

Summary: US quit rate declines to 2.1% in March; Citi: falling quits consistent with weakening perceptions of employment prospects; US Treasury yields fall; expectations of Fed rate cuts firm; fewer 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 then tracked sideways until virus containment measures were introduced...

read full story