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.

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.

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.

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.
