JOLTS Day Graphs: October 2020 Edition
The quits rate was unchanged at 2.2% for October, nearly the same level as it was in October 2019, prior to the pandemic.
With hires decreasing by 74,000 and job openings increasing by 160,000, the vacancy yield decreased slightly in October.
The ratio of unemployed workers to job openings continued to decrease as the unemployment rate declined and the openings rate increased slightly. But, at the same time, 4.2 million workers left the labor force in October.
The Beveridge Curve continued to move toward typical territory, but still reflects a distorted relationship between job openings and unemployment in the Coronavirus Recession.