JOLTS Day Graphs: July 2020 Edition
The quits rate continued to increase in July as the economy began to recover from early shutdowns, rising to 2.1% after falling to a low of 1.4% in April.
![Quits as a percent of total U.S. employment, 2001–2020](https://equitablegrowth.org/wp-content/uploads/2020/09/playfair-71-1080x762.png)
There was less than one hire per job opening in July as openings increased to 6.6 million and hires fell to 5.8 million, a decrease of over 1 million hires compared to the prior month.
![U.S. total nonfarm hires per total nonfarm job openings, 2001–2020](https://equitablegrowth.org/wp-content/uploads/2020/09/playfair-72-1080x762.png)
The job openings rate increased to 4.5% in July, but there were still more than two unemployed workers per opening and the unemployment rate was 10.2%.
![U.S. unemployed workers per total nonfarm job opening, 2001–2020.](https://equitablegrowth.org/wp-content/uploads/2020/09/playfair-73-1080x762.png)
The Beveridge Curve reflects the unique circumstances of the coronavirus recession, with an elevated openings rate alongside high unemployment.
![The relationship between the U.S. unemployment rate and the job opening rate, 2001–2020](https://equitablegrowth.org/wp-content/uploads/2020/09/playfair-74-1080x921.png)