US quits hits record high in March, “extremely tight” labour market

03 May 2022

 

Summary: US quit rate up in March; labour market “extremely tight”; record high for quits series; quits, openings, separations all up. 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. The quit rate then plummeted as alternative employment opportunities...

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