Competition
Equitable Growth supports research and policy analysis on how strong competition among U.S. businesses affects inequality and broad-based economic growth. More
- Topics:
- Anticompetitive Conduct
- Antitrust Enforcement
- Concentration
Families
Equitable Growth supports research and policy analysis on how unequal access to care, 21st century work-life policies, and education undermines stable, broad-based economic growth. More
- Topics:
- Childcare & Early Education
- Economic Wellbeing
- Health
- K-12
- Post-secondary Education
Inequality & Mobility
Equitable Growth supports research and policy analysis on how trends in economic inequality and mobility and changes in the economy have affected the concentration of wealth, income, and earnings, and how these distributional shifts have affected the promise of economic security and opportunity. More
- Topics:
- Economic Inequality
- Economic Mobility
- Economics of Place
- GDP 2.0
- Gender
- Income & Earnings Volatility
- Poverty
- Race & Ethnicity
Labor
Equitable Growth supports research and policy analysis on how inequalities in wages, bargaining power, and the evolving labor market affect workers’ economic security and opportunity as well as broad-based economic growth. More
- Topics:
- AI, tech, & the economy
- Bargaining Power
- Job Mobility
- Minimum Wage
- Monopsony
- Paid Leave
- Pay Equity
- Schedule Stability
- Unemployment Insurance
- Wage Stagnation
Tax & Macroeconomics
Equitable Growth supports research and policy analysis on how tax and macroeconomic policies can promote stable and broad-based economic growth. More
- Topics:
- Business Taxation
- Climate
- Credit & Debt
- Fiscal Policy
- Individual Taxation
- Monetary Policy
- Taxes, Inequality & Growth

JOLTS Day Graphs: March 2022 Edition

Every month the U.S. Bureau of Labor Statistics releases data on hiring, firing, and other labor market flows from the Job Openings and Labor Turnover Survey, better known as JOLTS. Today, the BLS released the latest data for March 2022. This report doesn’t get as much attention as the monthly Employment Situation Report, but it contains useful information about the state of the U.S. labor market. Below are a few key graphs using data from the report.

The quits rate increased slightly to 3.0 percent as 4.5 million workers quit their jobs in March, an increase of 152,000 from the previous month.

Quits as a percent of total U.S. employment, 2001–2022. Recessions are shaded.

With the number of job openings reaching a series high of 11.5 million and hires at 6.7 million, the vacancy yield decreased to 0.58 in March.

U.S. total nonfarm hires per total nonfarm job openings, 2001–2022. Recessions are shaded.

The ratio of unemployed-worker-per-job-opening declined from 0.55 unemployed workers per job opening in February to 0.52 in March.

U.S. unemployed workers per total nonfarm job opening, 2001–2022. Recessions are shaded.

The Beveridge Curve continues to be in an atypical range in March compared to previous business cycles, as the unemployment rate declined and job openings increased.

The relationship between the U.S. unemployment rate and the job openings rate, 2001–2022.

Connect with us!

Explore the Equitable Growth network of experts around the country and get answers to today's most pressing questions!

Get in Touch

Connect with us

JOLTS Day Graphs: March 2022 Edition

May 3, 2022

AUTHORS:

Topics

May 3, 2022

AUTHORS:

Topics

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon