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Median Quits Rate Showing Less Trend Progress Than Official Rate

US DATA
  • Delving into the details of the JOLTS quits rates, there was a decent switch back to industries seeing below pre-pandemic quit levels with 6 in June rather than 3 from May.
  • Whilst this is a step back closer to normalization, it’s notable that the median quit rate of seventeen private industries has seen less recent downward progress than the official measure in contrast to late 2022 when it led the move lower.

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