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“It’s a labor market that has energy, and there’s a path ahead of it the place it can continue to develop in a sustainable manner,” Bunker said. Newly released data for February showed the US quits fee had been 2.2% for 4 straight months. There have been 3.5 million quits in February, which the BLS news release noted this metric “was little changed.”
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But it does tend to drive productiveness — which is usually measured as total output in the financial system per hour labored by the labor force. Stocks are clinging on to positive aspects, with the S&P 500 up zero.3 %, after the much hotter-than-expected jobs numbers. Some buyers fear that the data will extend an setting of excessive interest rates, with the two-year Treasury yield, which is sensitive to interest rate expectations, shifting sharply greater.
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