US quit rate steady in December, openings rise

30 January 2024

 

Summary: US quit rate steady at 2.2% in December; short-term US Treasury yields up, longer-term yields down; expectations of Fed rate cuts in 2024 soften; fewer quits, separations, more openings. 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....

read full story