JOLTS Day Graphs: May 2021 Edition
The quits rate declined to 2.5 percent as nearly 3.6 million workers quit their jobs in May, down from a series high in April.
![Quits as a percent of total U.S. employment, 2001-2021. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/07/MAY-JOLTS-Quits-1080x762.png)
The vacancy yield declined slightly, remaining extremely low as job openings and hires stayed relatively constant in May.
![U.S. total nonfarm hires per total nonfarm job openings, 2001-2021. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/07/MAY-JOLTS-Vacancy-yield-1080x762.png)
The ratio of unemployed-worker-per-job-opening was 1.01 in May, approaching its level of less than 1.0 prior to the coronavirus recession.
![U.S. unemployed workers per total nonfarm job opening, 2001-2020. Recessions are shaded.](https://equitablegrowth.org/wp-content/uploads/2021/07/MAY-JOLTS-U-per-job-opening--1080x762.png)
The Beveridge Curve continues to be in an atypical range compared to previous business cycles, as the unemployment rate declined slightly but job openings remained elevated.
![The relationship between the U.S. unemployment rate and the job opening rate, 2001-2020](https://equitablegrowth.org/wp-content/uploads/2021/07/MAY-JOLTS-BC-1080x921.png)