You can go to the BLS JOLTS home page. https://www.bls.gov/jlt/ https://www.bls.gov/jlt/ It's better to talk about percent of labor force, given that the size

You can go to the BLS JOLTS home page. https://www.bls.gov/jlt/ https://www.bls.gov/jlt/ It's better to talk about percent of labor force, given that the size of the labor force grows over time. A quits rate of 2.7% is high -- it's a series high, but the series only goes back to 2000, which means we just have two business cycle peaks to compare against. This gives you a better view: https://fred.stlouisfed.org/series/JTSQUR https://fred.stlouisfed.org/series/JTSQUR Quits rates peak around business cycle peaks -- people don't quit during downturns, obviously. So in the last two peaks, the quit rate was 2.2% at the peak before the Great Recession, and 2.4% at the peak of the pre-covid recession, so this cycle is at 2.7% now. Looks like the quit rate is increasing, but interestingly, the layoff rate is decreasing, so that total turnover is not high at all. But we have a screwy labor market at the moment, particularly in restaurants and hospitality, which is driving this number. It will be interesting to see what happens once we get out of the lockdown situation and things settle down.