by Calculated Threat on 12/03/2024 10:00:00 AM
From the BLS: Job Openings and Labor Turnover Abstract
the variety of job openings was little modified at 7.7 million on the final enterprise day of October, the
U.S. Bureau of Labor Statistics reported at present. Over the month, hires modified little at 5.3 million. The
variety of complete separations was little modified at 5.3 million. Inside separations, quits (3.3 million)
elevated, however layoffs and discharges (1.6 million) modified little.
emphasis added
The next graph exhibits job openings (black line), hires (darkish blue), Layoff, Discharges and different (pink column), and Quits (gentle blue column) from the JOLTS.
This sequence began in December 2000.
Observe: The distinction between JOLTS hires and separations is just like the CES (payroll survey) web jobs headline numbers. This report is for October; the employment report this Friday might be for November.
Click on on graph for bigger picture.
Observe that hires (darkish blue) and complete separations (pink and light-weight blue columns stacked) are often 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 raised present the standard knowledge.
Jobs openings elevated in October to 7.74 million from 7.37 million in September.
Quits have been down 8% year-over-year. These are voluntary separations. (See gentle blue columns at backside of graph for pattern for “quits”).
