JOLTS Day Graphs: July 2021 Edition
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.