Job Openings and Labor Turnover Survey (JOLTS) for October 2018

The Job Openings and Labor Turnover Survey (JOLTS) for October 2018 was released by the Labor Department this morning:

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Job Openings

Predicted: 7,000,000
Actual:    7,079,000

• Previous Month (revised): 6,960,000
  
  
• One Year Previous: 6,059,000

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Hires: 5,892,000

Total Separations: 5,556,000

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The above, yellow-highlighted percentage represents the estimated number of job openings in the United States during the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Here's how the Labor Department defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

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• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  
  

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