The Cefa Brief
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- InsightsWorkforce & Skills
The quits rate has fallen below where it stood in 2020, while job openings have not
The rate rose from 2.1 percent of employment in 2020 to 2.8 in 2022, then fell in each of the next three years to 2 percent, below where it began. Job openings peaked in the same year and remain above their own 2020 level, so the two halves of the picture no longer agree.
- InsightsEconomic Security
Real output per person rose again in 2025, by less than in any earlier year of the window
Output per person has risen at every reading, from 61,127 chained 2017 dollars in 2020 to 69,749 in 2025, but the step into 2025 is 1,068 dollars and it is the smallest of the five. The total the figure is drawn from slowed in the same year, adding 0.49 trillion dollars against 0.64 in each of the two years before it, so the flatter step is not a story about population alone.