JOLTS Day Graphs: March 2021 Edition
The quits rate remained unchanged at 2.4 percent in March, even as the job openings rate increased to 5.3 percent.
![Quits as a percent of total U.S. employment, 2001-2021. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/05/MARCH-JOLTS-QUITS-1080x762.png)
Job openings reached a series high, yet hires were little changed as the vacancy yield declined in March.
![U.S. total nonfarm hires per total nonfarm job openings, 2001-2021. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/05/MARCH-JOLTS-VACANCY-YIELD-1080x762.png)
There were 1.2 unemployed workers for every job opening in March as unemployment decreased.
![U.S. unemployed workers per total nonfarm job opening, 2001-2020. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/05/MARCH-JOLTS-u-by-job-opening-1080x762.png)
With a slight decrease in the unemployment rate and the job openings rate reaching a series high, the Beveridge Curve continues to move in atypical territory, reflecting the unique nature of this downturn.
![The relationship between the U.S. unemployment rate and the job opening rate, 2001-2020.](https://equitablegrowth.org/wp-content/uploads/2021/05/MARCH-JOLTS-BC-1080x921.png)