by Calculated Danger on 1/07/2025 10:00:00 AM
From the BLS: Job Openings and Labor Turnover Abstract
The variety of job openings was little modified at 8.1 million on the final enterprise day of November, the
U.S. Bureau of Labor Statistics reported immediately. Over the month, hires and complete separations had been little
modified at 5.3 million and 5.1 million, respectively. Inside separations, quits (3.1 million) decreased,
however layoffs and discharges (1.8 million) modified little.
emphasis added
The next graph reveals job openings (black line), hires (darkish blue), Layoff, Discharges and different (purple column), and Quits (gentle blue column) from the JOLTS.
This collection began in December 2000.
Notice: The distinction between JOLTS hires and separations is much like the CES (payroll survey) internet jobs headline numbers. This report is for November; the employment report this Friday will likely be for December.
Click on on graph for bigger picture.
Notice that hires (darkish blue) and complete separations (purple and lightweight blue columns stacked) are normally fairly shut every month. This can be a measure of labor market turnover. When the blue line is above the 2 stacked columns, the economic system is including internet jobs – when it’s under 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 same old information.
Jobs openings elevated in November to eight.10 million from 7.84 million in October.
Quits had been down 13% year-over-year. These are voluntary separations. (See gentle blue columns at backside of graph for pattern for “quits”).
