Job Openings and Labor Turnover Survey (JOLTS) for June 2021

The Job Openings and Labor Turnover Survey (JOLTS*) for June 2021 was released by the Labor Department this morning:

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Job Openings

Predicted: 9,500,000
Actual:    10,073,000 (Record High)

• Previous Month (revised): 9,483,000
  
  
• One Year Previous: 6,112,000
  
  
• Change from one year previous: +64.807% (+3,961,000)
  

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Hires: 6,719,000 

Total Separations ^§: 5,584,000 

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From Today's Release:

"...Coronavirus (COVID-19) Pandemic Impact on June 2021 Job Openings and Labor Turnover Survey Data

Data collection for the JOLTS survey was affected by the coronavirus (COVID-19) pandemic. While 42 percent of data are usually collected by phone at the JOLTS data collection center, most phone respondents were asked to report electronically. However, data collection was adversely impacted due to the inability to reach some respondents that normally respond by phone. The JOLTS weighted response rate for June was 53 percent, while weighted response rates prior to the pandemic averaged 67 percent. More information about the impact of the COVID-19 pandemic on the JOLTS survey, including information about the JOLTS estimation methodology, is available at www.bls.gov/covid19/job-openings-and-labor-turnover-covid19-june-2021.htm..."

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CHART: Job Openings Rate - June 2021 Update

  

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§ = 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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