Indeed, the quits rate has picked up with improvements in the labor market over the past year, but it still remains somewhat depressed relative to its level before the recession. A significant increase in job openings over the past year suggests notable improvement in labor market conditions, but the hiring rate has only partially recovered from its decline during the recession.
The per cent of repo trades in the overnight to 3 day tenor bucket constitute around 95% of total trades (Table 2). Measures are being taken to encourage market participants to enter into long term repo contracts. As a first step, Reserve Bank has introduced term repos of 7 and 14-days in October 2013.