US quit rate ticks up in July; more separations, fewer openings

04 September 2024

 

Summary: US quit rate ticks up to 2.1% in July after revisions; US Treasury yields fall; expectations of Fed rate cuts firm; more quits, more separations, fewer openings; ANZ: job vacancies lowest since January 2021. 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...

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