Category: Labor Markets

The quits rate rose to 2.9 percent as nearly 4.3 million workers quit their jobs in August, while the job openings rate decreased to 6.6 percent.

The vacancy yield declined slightly in August, remaining very low with job openings at 10.4 million—down 659,000 after a series high in July.

Job openings declined in August, including in sectors that had seen strong recent gains such as the education and health services, manufacturing, and leisure and hospitality.

The ratio of unemployed-workers-per-job-opening increased from 0.78 in July to 0.80 in August, still similar to the low levels last seen immediately before the coronavirus recession.

The Beveridge Curve remained in an atypical, elevated range in August, with declines in both the unemployment rate and the job openings rate.

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.

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.

The quits rate remained elevated in July, and increased in areas such as state and local government education, construction, and wholesale trade.

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.

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 quits rate rose to 2.7 percent in June as 3.9 million workers quit their jobs.

The vacancy yield increased slightly in June but remained low, as job openings reached a series high of 10.1 million and hires rose to 6.7 million.

The job openings rate increased to 6.5 percent in June, with job openings remaining particularly elevated for the manufacturing industry and for leisure and hospitality, but low for the financial activities sector.

The ratio of unemployed workers to job openings decreased to 0.9 in June, approaching pre-coronavirus recession levels.

With a slight increase in the unemployment rate and the job openings rate rising to a series high, the Beveridge Curve continues to move in atypical territory, compared to previous business cycles.

The quits rate declined to 2.5 percent as nearly 3.6 million workers quit their jobs in May, down from a series high in April.

The vacancy yield declined slightly, remaining extremely low as job openings and hires stayed relatively constant in May.

The ratio of unemployed-worker-per-job-opening was 1.01 in May, approaching its level of less than 1.0 prior to the coronavirus recession. 

The Beveridge Curve continues to be in an atypical range compared to previous business cycles, as the unemployment rate declined slightly but job openings remained elevated.

The quits rate reached a series high of 2.7 percent as nearly 4 million workers quit their jobs in April.

As job openings reached a series high of 9.3 million and hires stayed constant, the vacancy yield declined in April.

The ratio of unemployed-worker-per-job-opening was 1.06 in April, approaching its level of less than 1.0 prior to the recession. 

The Beveridge Curve moved sharply upwards with the historic level of job openings and continued to be in unprecedented territory compared to previous business cycles.

The quits rate remained unchanged at 2.4 percent in March, even as the job openings rate increased to 5.3 percent.

Job openings reached a series high, yet hires were little changed as the vacancy yield declined in March.

There were 1.2 unemployed workers for every job opening in March as unemployment decreased.

With a slight decrease in the unemployment rate and the job openings rate reaching a series high, the Beveridge Curve continues to move in atypical territory, reflecting the unique nature of this downturn.

The quits rate remained near it’s pre-pandemic level at 2.3 percent in February.

The vacancy yield for hires per job openings was 0.78 in February as the labor market continued to recover.

The job openings rate continued to increase to 4.9 percent while unemployment continued to decline to 6.2 percent, further decreasing the ratio of unemployed-worker-to-job-opening in February.

The Beveridge Curve moved upwards as job openings increased in February to levels typically seen at lower levels of unemployment.