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Economic Data (USA)

Thursday, December 01, 2022

Job Openings and Labor Turnover Survey (JOLTS) for October 2022

Job Openings and Labor Turnover Survey (JOLTS*) for October 2022 was released by the Labor Department this morning:


Job Openings

Predicted: 10,500,000
  • Actual:    10,334,000
  • Previous Month (revised): 10,687,000

  • One Year Previous: 11,094,000

  • Change from one year previous: -6.85% (-760,000)


Hires: 6,012,000


Quits: 4,026,000


Layoffs + Discharges: 1,387,000 


Total Separations §: 5,683,000



§ = 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."


CHART: Job Openings Rate - October 2022 UPDATE

CHART: Job Openings Rate
October 2022 UPDATE



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