JOLTS Day Graphs: July 2021 Edition
The quits rate remained relatively steady at 2.7 percent as 4 million workers quit their jobs in July, while the job openings rate increased to 6.9 percent.
![Quits as a percent of total U.S. employment, 2001–2021](https://equitablegrowth.org/wp-content/uploads/2021/09/playfair-2021-09-08T100728.290-1080x762.png)
The vacancy yield declined in July as job openings reached a series high of 10.9 million while hires, at 6.7 million, were little changed.
![U.S. total nonfarm hires per total nonfarm job openings, 2001–2021](https://equitablegrowth.org/wp-content/uploads/2021/09/playfair-2021-09-08T100854.804-1080x762.png)
The quits rate remained elevated in July, and increased in areas such as state and local government education, construction, and wholesale trade.
![Quits by selected major U.S. industry, indexed to job openings in February 2020](https://equitablegrowth.org/wp-content/uploads/2021/09/playfair-2021-09-08T103110.576-1080x849.png)
The ratio of unemployed worker per job opening fell to below 0.8 in July, similar to the low levels previously seen immediately before the coronavirus recession.
![U.S. unemployed workers per total nonfarm job opening, 2001–2021.](https://equitablegrowth.org/wp-content/uploads/2021/09/playfair-2021-09-08T102855.008-1080x762.png)
The Beveridge Curve continues to be in an atypical range, compared to previous business cycles, remaining elevated in July as the unemployment rate fell while the job openings rate increased.
![The relationship between the U.S. unemployment rate and the job opening rate, 2001–2021](https://equitablegrowth.org/wp-content/uploads/2021/09/playfair-2021-09-08T103407.137-1080x921.png)