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Lower Job Openings But With Upward Revision And Higher Quit Rates

  • Job openings 9.824M (cons 9.885M) in May after solidly upward revised 10.32M (initial 10.1M)
  • Ratio to unemployed: 1.61 from 1.82 (initial 1.79). It’s the lowest ratio since Oct’21.
  • But highest quit rates since December.
  • Total quit rate: 2.57% from 2.42% (vs 2019 av 2.3%)
  • Private quit rate: 2.86% from 2.68% (vs 2019 av 2.6%)

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