US quit rate still high after April decline; jobs market “robust”

31 May 2023

 

Summary: US quit rate falls to 2.4% in April; ANZ: supports picture of robust US jobs market; US Treasury yields down; expectations of lower Fed rates in 2024 firm; quits, separations down, openings up; NAB: some hints of looser labour market. 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...

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