JOLTS Day Graphs: January 2023 Edition
The quits rate fell to 2.5 percent as 3.9 million workers quit their jobs in January 2023.
As job openings declined to 10.8 million and hires remained near 6.4 million, the vacancy yield increased to 0.59 in January from 0.56 in December.
The ratio of unemployed workers to job openings increased to almost 0.53 in January from less than 0.51 in December.
The Beveridge Curve moved inward in January, reflecting declines in both the job openings rate and unemployment rate.
The number of job openings declined in January, including in sectors such as construction, financial activities, and leisure and hospitality.