JOLTS Day Graphs: October 2019 Report Edition
The quit rate continued to hold at 2.3% in October, where it has remained for over a year with the exception of a blip in last July.
The ratio of hires to job openings remains below 1.0 as it trended downward in October to 0.79 from 0.85 in September.
As job openings increased by 235,000 in October, to a total of 7.3 million, and unemployment remains low, there continues to be fewer than one unemployed worker per opening.
The Beveridge Curve reveals the continuation of an expansionary labor market, with a low rate of unemployment and a high rate of job openings.