FYI: Today’s Job Opening and Labor Turnover Survey from the Bureau of Labor Statistics showed little change to the broad labor market picture. As shown in the charts below, the quit rate is very stable at round 2.2%. That rate is slightly higher for the private sector at 2.4% but as with the broad quit rate, private quits are basically moving sideways as a percentage of employment. The openings rate is also trending sideways. For the private sector, job openings are running higher than previous expansions at around 4.2%, or 6.05mm positions.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jolts-recap-manufacturing-quits-explode/
