JOLTS Day Graphs: February 2021 Edition
The quits rate remained near it’s pre-pandemic level at 2.3 percent in February.
![Quits as a percent of total U.S. employment 2001-2021. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/04/FEB-JOLTS-QUITS-1-1080x762.png)
The vacancy yield for hires per job openings was 0.78 in February as the labor market continued to recover.
![U.S. total nonfarm hires per total nonfarm job openings, 2001-2020. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/04/FEB-JOLTS-VACANCY-YIELD-1080x762.png)
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.
![U.S. unemployed workers per total nonfarm job opening, 2001-2020. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/04/FEB-JOLTS-U-per-vacancy-1080x762.png)
The Beveridge Curve moved upwards as job openings increased in February to levels typically seen at lower levels of unemployment.
![The relationship between the U.S. unemployment rate and the job opening rate, 2001-2020.](https://equitablegrowth.org/wp-content/uploads/2021/04/FEB-JOLTS-BC-1080x921.png)