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.
The vacancy yield declined slightly, remaining extremely low as job openings and hires stayed relatively constant in May.
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.
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.