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Economy

Economic Data (USA)

Tuesday, January 04, 2022

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

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

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Job Openings

Predicted: 11,000,000
Actual:    10,562,000

  • Previous Month (revised): 11,091,000

  • One Year Previous: 6,766,000

  • Change from one year previous: +56.104% (3,796,000)


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Hires: 6,697,000 

Quits: 4,527,000 (Brand New, All-Time Record High)

Total Separations §: 6,273,000 

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CHART: Job Openings Rate - November 2021 Update

CHART: Job Openings Rate
November 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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