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Job Openings Notably Lower, Quits Rates At Or Below 2019 Average

  • Job openings fell to 8.827M (cons 9.5M) in July after a downward revised 9.165M (initial 9.582M).
  • The ratio to the number of unemployed fell to 1.51 from 1.54 (initially 1.61) for its lowest since Sep’21.
  • Quits rate with a sharp downward move to 2.27% from 2.43% (2019av 2.3)
  • This is slightly larger still when just looking at the private sector, with a quits rate falling to 2.50% from 2.71% (2019av 2.6).

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