You can see how the trend in job openings parallels the Great Recession almost exactly:
So too does hiring:
And the layoff and discharge numbers:
But I wonder if the “quit” numbers particularly provide insight. Think for a moment about jobs that people dislike. In healthy economic conditions, we are more willing to leave a distasteful job because an alternative is probably available. However, during a contraction and especially the Great Recession, our optimism evaporates. If you were working, you stayed there.
If the quit rate trend is up, is that good economic news?