JOLTS Day Graphs: August 2022 Edition
The quits rate remained steady at 2.7 percent as 4.2 million workers quit their jobs in August.
The vacancy yield increased to 0.62 in August from 0.56 in July, a notable rise, as the number of reported job openings declined and hires remained relatively constant.
The ratio of unemployed workers to job openings increased in August to almost 0.60 from just under 0.51 in July.
The Beveridge Curve moved sharply downwards in August as reported job openings fell and the unemployment rate ticked up.
The overall number of reported job openings decreased by 1.1 million in August (6.2 percent) to 10.1 million, with openings falling in industries such as education & health services, leisure & hospitality, and manufacturing.