USA: Job Quits Fall to 2020-Lows.

The number of job quits in the US fell slightly to 2.974 million in February 2026 from the downwardly revised 3.131 million in January and below 3.153 million a year ago. It was the lowest reading since August 2020. The number of quits decreased in accommodation and food services (-119,000), wholesale trade (-35,000), and federal government (-6,000), but rose in nondurable goods manufacturing (+21,000). The quits rate, a metric that measures voluntary job leavers as a proportion of total employment, eased to 1.9% in February from 2% previously. Regionally, job quits decreased in the West (-71,000), the Northeast (-62,000), the South (-14,000) and the Midwest (-11,000).