JOLTS Day Graphs: March 2020 Report Edition
1.
The quits rate decreased sharply from 2.3% in February to 1.8% in March, as workers’ confidence about job prospects declined amid the public health crisis and requisite state shutdowns.
![](https://equitablegrowth.org/wp-content/uploads/2020/05/playfair10.png)
2.
While both the rates of job openings and hires decreased in March, openings did more so, leading to a slight increase in the vacancy yield.
![](https://equitablegrowth.org/wp-content/uploads/2020/05/playfair11.png)
3.
As the unemployment rate began to increase in March, the ratio of unemployed-worker-per-job-opening rose above 1.0 for the first time since December 2017.
![](https://equitablegrowth.org/wp-content/uploads/2020/05/playfair12.png)
4.
The Beveridge curve dove down rightward in March as the unemployment rate increased and job opening rate decreased, suggesting the labor market downturn in the early coronavirus recession.
![](https://equitablegrowth.org/wp-content/uploads/2020/05/playfair13.png)