JOLTS Day Graphs: December 2020 Edition
The quits rate increased slightly to 2.3 percent in December, with larger increases to the quits rate in leisure & hospitality and education & health services.
![Quits as a percent of total U.S. employment, 2001–2020](https://equitablegrowth.org/wp-content/uploads/2021/02/DECEMBER-QUITS-1080x762.png)
Job openings were little changed but hires decreased in December, leading to a decline in the job vacancy yield.
![U.S. total nonfarm hires per total nonfarm job openings, 2000–2020](https://equitablegrowth.org/wp-content/uploads/2021/02/DECEMBER-Vacancy-yield-1080x762.png)
With little change to unemployment and openings in December, the ratio of unemployed workers remained stable, although at an an elevated level compared to before the pandemic.
![U.S. unemployed workers per total nonfarm job opening, 2001–2020](https://equitablegrowth.org/wp-content/uploads/2021/02/DECEMBER-U-vs-job-opening-1080x762.png)
The Beveridge Curve has made little movement in the past three months, but remains in an atypical range during the pandemic-induced recession.
![The relationship between the U.S. unemployment rate and the job opening rate, 2001–2020](https://equitablegrowth.org/wp-content/uploads/2021/02/DECEMBER-BC-1080x921.png)