by Calculated Threat on 10/29/2024 10:00:00 AM
From the BLS: Job Openings and Labor Turnover Abstract
The variety of job openings was little modified at 7.4 million on the final enterprise day of September, the
U.S. Bureau of Labor Statistics reported as we speak. Over the month, hires modified little at 5.6 million. The
variety of complete separations was unchanged at 5.2 million. Inside separations, quits (3.1 million) and
layoffs and discharges (1.8 million) modified little.
emphasis added
The next graph exhibits job openings (black line), hires (darkish blue), Layoff, Discharges and different (crimson column), and Quits (gentle blue column) from the JOLTS.
This collection began in December 2000.
Observe: The distinction between JOLTS hires and separations is much like the CES (payroll survey) web jobs headline numbers. This report is for September; the employment report this Friday might be for October.
Click on on graph for bigger picture.
Observe that hires (darkish blue) and complete separations (crimson and light-weight blue columns stacked) are normally fairly shut every month. It is a measure of labor market turnover. When the blue line is above the 2 stacked columns, the economic system is including web jobs – when it’s beneath the columns, the economic system is dropping jobs.
The spike in layoffs and discharges in March 2020 is labeled, however off the chart to higher present the standard information.
Jobs openings decreased in September to 7.44 million from 7.86 million in August.
Quits had been down 15% year-over-year. These are voluntary separations. (See gentle blue columns at backside of graph for development for “quits”).
