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The graphs in the article don't support the text of the article or the headline. Peak job quitting rate was briefly 4.5M (it was above 4.1M for 12 of 26 months
by hedora 3y ago
The graphs in the article don't support the text of the article or the headline.
Peak job quitting rate was briefly 4.5M (it was above 4.1M for 12 of 26 months), but has been closer to 4.0M during the "great resignation". It is currently 4.0M, so within rounding error of median. It was at about 3.5M for the second half of 2020, where the graphs start.
Open jobs are at 10M off a peak of 12M vs. 6.8M at the beginning of their graph.
They don't report pre-pandemic numbers, but the graphs suggest the market is significantly hotter than it was in 2020, with no clear trend in recent months.
- bitshiftfaced 3y agoWhile quits are still above pre-pandemic levels, to me they look below where'd they be if you charted out the pre-pandemic trend of increasing quits: https://fred.stlouisfed.org/series/JTSQUL https://fred.stlouisfed.org/series/JTSQUL