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Positive Job Market Developments: Openings And Quit Rate Are Increasing - Hello Friends as always i would invite you to join and Promote one of the world's premier top rated investment companies and pioneers in alternative assets: market investment in and purchasing of alternative asset classes including gold, precious metals, Bitcoin and other cryptocurrency for direct purchase investors, the vast US market of IRA, 401k and other retirement account holders, the Canada market for RRSP and TFSA holders (precious metals), high net worth individuals and families (HNWI), and more. Mutl-trillion dollar potential market with one of the highest paying affiliate programs in the world.

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Earlier this week the February Job Openings and Labor Turnover Survey (JOLTS) was released showing job openings continued to increase. For the February period job openings equal nearly 7.4 million and is approaching the peak job openings level of 7.5 million reached in late 2018. This represents a positive sign that economic activity is increasing and businesses are experiencing increasing demand; hence, the need for more employees.



In another sign of a healing job market, the quit rate stands at 3.3 million. Employed individuals generally do not quit a current position and seek employment elsewhere if they believe the job market is weak. Also included on the below chart with the quit rate is the number of unemployed individuals per job opening. This low level of 1.35 unemployed individuals per opening is low and is representative of a tight labor market.


In conclusion, admittedly too many individuals remain on the sidelines. Of the 22.4 million lost jobs in the three month period from February 2020 to April 2020, only 13.9 million have been regained. However, with more states reopening and some states moving to no operating restrictions, the job market continues to improve. The positive signs reported from the JOLTS data is encouraging and supports the view the U.S. economy continues to expand.


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