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Economy

Economic Data (USA)

Friday, November 10, 2023

Job Openings and Labor Turnover Survey (JOLTS) for September 2023

Job Openings and Labor Turnover Survey (JOLTS*) for September 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,400,000
  • Actual:    9,553,000
-------------------------
  • Previous Month (revised): 9,497,000

  • One Year Previous: 10,854,000

  • Change from one year previous: -11.99% (-1,301,000)


=============

HIRES: 5,871,000

HIRES vs. 12 Months Previous: -5.7% (-355,000)

-----------

QUITS: 3,661,000

QUITS vs. 12 Months Previous: -9.94% (-404,000)


-----------

LAYOFFS + DISCHARGES: 1,517,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +5.64% (+81,000)

-----------

TOTAL SEPARATIONS §: 5,530,000

TOTAL SEPARATIONS vs. 12 Months Previous: -4.82% (-280,000)

=============
 

§ = 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 - September 2023 UPDATE
CHART: Job Openings Rate
 September 2023 UPDATE

=============


============= 

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Tuesday, October 03, 2023

Job Openings and Labor Turnover Survey (JOLTS) for August 2023

Job Openings and Labor Turnover Survey (JOLTS*) for August 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,500,000
  • Actual:    9,610,000
-------------------------
  • Previous Month (revised): 8,920,000

  • One Year Previous: 10,198,000

  • Change from one year previous: -5.77% (-588,000)


=============

HIRES: 5,857,000

HIRES vs. 12 Months Previous: -9.59% (-621,000)

-----------

QUITS: 3,638,000

QUITS vs. 12 Months Previous: -14.24% (-604,000)


-----------

LAYOFFS + DISCHARGES:  1,680,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +3.26% (+53,000)

-----------

TOTAL SEPARATIONS §: 5,676,000

TOTAL SEPARATIONS vs. 12 Months Previous: -9.1% (-568,000)

=============
 

§ = 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 -  August 2023 UPDATE

CHART: Job Openings Rate
 August 2023 UPDATE

=============


============= 

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Tuesday, August 29, 2023

Job Openings and Labor Turnover Survey (JOLTS) for July 2023

Job Openings and Labor Turnover Survey (JOLTS*) for July 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,500,000
  • Actual:    8,827,000
-------------------------
  • Previous Month (revised): 9,165,000

  • One Year Previous: 11,380,000

  • Change from one year previous: -22.43% (-2,553,000)


=============

HIRES: 5,773,000

HIRES vs. 12 Months Previous: -8.94% (-567,000)

-----------

QUITS: 3,549,000

QUITS vs. 12 Months Previous: -11.63% (-467,000)

-----------

LAYOFFS + DISCHARGES: 1,555,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +3.87% (+58,000)

-----------

TOTAL SEPARATIONS §: 5,483,000

TOTAL SEPARATIONS vs. 12 Months Previous: -6.5% (-381,000)

=============
 

§ = 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 - July 2023 UPDATE
CHART: Job Openings Rate
 July 2023 UPDATE

=============


============= 

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Thursday, July 06, 2023

Job Openings and Labor Turnover Survey (JOLTS) for May 2023

Job Openings and Labor Turnover Survey (JOLTS*) for May 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 10,000,000
  • Actual:    9,824,000
-------------------------
  • Previous Month (revised): 10,320,000

  • One Year Previous: 11,443,000

  • Change from one year previous: -14.148% (-1,619,000)


=============

HIRES: 6,208,000

HIRES vs. 12 Months Previous: -5.15% (-337,000)

-----------

QUITS: 4,015,000

QUITS vs. 12 Months Previous: -4.59% (-193,000)

-----------

LAYOFFS + DISCHARGES: 1,555,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +4.93% (+73,000)

-----------

TOTAL SEPARATIONS §: 5,871,000


=============

 

§ = 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 - May 2023 UPDATE
CHART: Job Openings Rate
May 2023 UPDATE

=============


============= 
 

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Wednesday, May 31, 2023

Job Openings and Labor Turnover Survey (JOLTS) for April 2023

Job Openings and Labor Turnover Survey (JOLTS*) for April 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,400,000
  • Actual:    10,103,000
-------------------------
  • Previous Month (revised): 9,745,000

  • One Year Previous: 11,755,000

  • Change from one year previous: -14.054% (-1,652,000)


=============

Hires: 6,115,000

-----------

Quits: 3,793,000


-----------

Layoffs + Discharges: 1,581,000 


-----------

Total Separations §: 5,708,000


=============

 

§ = 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 - April 2023 UPDATE
CHART: Job Openings Rate
April 2023 UPDATE

=============


============= 

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Tuesday, May 02, 2023

Job Openings and Labor Turnover Survey (JOLTS) for March 2023

Job Openings and Labor Turnover Survey (JOLTS*) for March 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,500,000
  • Actual:    9,590,000
-------------------------
  • Previous Month (revised): 9,974,000

  • One Year Previous: 12,027,000

  • Change from one year previous: -20.263% (-2,437,000)


=============


Hires: 6,149,000

-----------

Quits: 3,851,000


-----------

Layoffs + Discharges: 1,805,000 


-----------

Total Separations §: 5,932,000


=============

 

§ = 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 - March 2023 UPDATE
CHART: Job Openings Rate
March 2023 UPDATE

=============


============= 

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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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Tuesday, October 04, 2022

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

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

=============

Job Openings

Predicted: 11,000,000
  • Actual:    10,053,000
-------------------------
  • Previous Month (revised): 11,170,000

  • One Year Previous: 10,629,000

  • Change from one year previous: -5.42% (-576,000)


=============


Hires: 6,277,000

-----------

Quits: 4,158,000


-----------

Layoffs + Discharges: 1,460,000 


-----------

Total Separations §: 5,976,000


=============

 

§ = 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 - August 2022 UPDATE

CHART: Job Openings Rate - August 2022 UPDATE

  =============


=============

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Thursday, August 04, 2022

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

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

=============

Job Openings

Predicted: 11,050,000
  • Actual:    10,698,000
-------------------------
  • Previous Month (revised): 11,303,000

  • One Year Previous: 9,852,000

  • Change from one year previous: +8.59% (+846,000)


=============


Hires: 6,374,000

-----------

Quits: 4,237,000


-----------

Layoffs + Discharges: 1,327,000


-----------

Total Separations §: 5,931,000 


=============

 

§ = 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 - June 2022 UPDATE

CHART: Job Openings Rate - June 2022 UPDATE

 =============


=============


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Wednesday, July 06, 2022

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

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

=============

Job Openings

Predicted: 11,300,000
  • Actual:    11,254,000
-------------------------
  • Previous Month (revised): 11,681,000

  • One Year Previous: 9,639,000

  • Change from one year previous: +16.75% (+1,615,000)


=============


Hires: 6,489,000

-----------

Quits: 4,270,000


-----------

Layoffs + Discharges: 1,389,000


-----------

Total Separations §: 5,983,000 


=============

 

§ = 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 - May 2022 UPDATE

CHART: Job Openings Rate - May 2022 UPDATE

 =============


=============


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Wednesday, June 01, 2022

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

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

=============

Job Openings

Predicted: 11,375,000
Actual:    11,400,000

  • Previous Month (revised): 11,855,000

  • One Year Previous: 9,265,000

  • Change from one year previous: +23.044% (+2,135,000)


=============


Hires: 6,586,000

-----------

Quits: 4,424,000


-----------

Layoffs + Discharges: 1,246,000


-----------

Total Separations §: 6,033,000 


=============

 

§ = 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."

=============

=============


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Tuesday, May 03, 2022

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

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


=============

Job Openings

Predicted: 11,300,000
Actual:    11,549,000 [New Record High]

  • Previous Month (revised): 11,344,000

  • One Year Previous: 8,480,000

  • Change from one year previous: +36.191% (+3,069,000)


=============


Hires: 6,737,000

-----------

Quits: 4,536,000


-----------

Layoffs + Discharges: 1,405,000


-----------

Total Separations §: 6,321,000 


=============


 
CHART: Job Openings Rate - March 2022 Update

 CHART: Job Openings Rate
March 2022 Update
 

 =============

§ = 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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Tuesday, March 29, 2022

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

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


=============

Job Openings

Predicted: 11,200,000
Actual:    11,266,000

  • Previous Month (revised): 11,283,000

  • One Year Previous: 7,860,000

  • Change from one year previous: +43.333% (+3,406,000)


=============


Hires: 6,689,000

-----------

Quits: 4,352,000


-----------

Layoffs + Discharges: 1,386,000


-----------

Total Separations §: 6,092,000


=============


 
CHART: Job Openings Rate - February 2022 Update

CHART: Job Openings Rate
February 2022 Update

 =============

§ = 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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Wednesday, March 09, 2022

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

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


=============

Job Openings

Predicted: 11,000,000
Actual:    11,263,000

  • Previous Month (revised): 11,448,000

  • One Year Previous: 7,232,000

  • Change from one year previous: +55.738% (+4,031,000)


=============

Hires: 6,457,000

Toal Hires During 2021: 75,550,000  

-----------

Quits: 4,252,000

Total Quits During 2021: 47,825,000

-----------

Total Separations §: 6,058,000  

Total Separations During 2021 §: 69,045,000 

=============

CHART: Job Openings Rate - January 2022 Update

CHART: Job Openings Rate
January 2022 Update

 =============

§ = 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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Tuesday, February 01, 2022

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

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

============

Job Openings

Predicted: 11,000,000
Actual:    10,925,000

  • Previous Month (revised): 10,775,000

  • One Year Previous: 6,752,000

  • Change from one year previous: +61.804% (+4,173,000)


=============

Hires: 6,263,000 

Quits: 4,338,000

Total Separations §: 5,900,000 

=============

CHART: Job Openings Rate - December 2021 Update

CHART: Job Openings Rate
December 2021 Update

 =============

§ = 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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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:

============

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)


=============

Hires: 6,697,000 

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

Total Separations §: 6,273,000 

=============
 

CHART: Job Openings Rate - November 2021 Update

CHART: Job Openings Rate
November 2021 Update

 =============

§ = 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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Wednesday, December 08, 2021

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

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

============

Job Openings

Predicted: 11,000,000
Actual:    11,033,000

  • Previous Month (revised): 10,602,000

  • One Year Previous: 6,873,000

  • Change from one year previous: +60.527% (+4,160,000)


=============

Hires: 6,464,000 

Quits: 4,157,000

Total Separations §: 5,892,000 

=============
 
CHART: Job Openings Rate October 2021 Update

CHART: Job Openings Rate
October 2021 Update

 =============

§ = 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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Saturday, November 13, 2021

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

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

============

Job Openings

Predicted: 10,400,000
Actual:    10,438,000

  • Previous Month (revised): 10,629,000

  • One Year Previous: 6,611,000

  • Change from one year previous: +57.888% (+3,827,000)


=============

Hires: 6,459,000 

Quits: 4,434,000 (New Record-High)

Total Separations §: 6,218,000 

=============

From Today's Release:


"...Job Openings
On the last business day of September, the number and rate of job openings were little changed at 10.4 million and 6.6 percent, respectively. Job openings increased in health care and social assistance (+141,000); state and local government, excluding education (+114,000); wholesale trade (+51,000); and information (+51,000). Job openings decreased in state and local government education (-114,000); other services (-104,000); real estate and rental and leasing (-65,000); and educational services (-45,000). The number of job openings was little changed in all four regions.


Hires
In September, the number and rate of hires were little changed at 6.5 million and 4.4 percent, respectively. Hires increased in health care and social assistance (+109,000) and finance and insurance (+60,000). Hires decreased in state and local government education (-92,000) and educational services (-89,000). The number of hires was little changed in all four regions.


Separations
Total separations includes quits, layoffs and discharges, and other separations. 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.

In September, the number and rate of total separations were little changed at 6.2 million and 4.2 percent, respectively. Total separations decreased in retail trade (-100,000). The total separations level increased in several industries with the largest increases in other services (+87,000); health care and social assistance (+86,000); and finance and insurance (+61,000). Total separations were little changed in all four regions.

The number of quits increased in September to a series high of [4,434,000]  The quits rate also increased to a series high 3.0 percent. Quits increased in several industries with the largest increases in arts, entertainment, and recreation (+56,000); other services (+47,000); and state and local government education (+30,000). Quits decreased in wholesale trade (-30,000). The number of quits increased in the West region.

In September, the number of layoffs and discharges was little changed at 1.4 million. The layoffs and discharges rate was unchanged at 0.9 percent. Layoffs and discharges were little changed in all industries and in all four regions.

The number of other separations was little changed in September at 410,000. Other separations increased in finance and insurance (+41,000); state and local government education (+13,000); and other services (+12,000). Other separations were little changed in all four regions..."

=============
 

CHART: Hires and Total - Separations Rates September 2021 Update

CHART: Hires and Total Separations Rates
September 2021 Update

 =============

§ = 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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Tuesday, October 12, 2021

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

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

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Job Openings

Predicted: 10,400,000
Actual:    10,439,000

  • Previous Month (revised): 11,098,000

  • One Year Previous: 6,451,000

  • Change from one year previous: +61.82% (+3,988,000)


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Hires: 6,322,000 

Quits: 4,270,000 (New Record High)

Total Separations §: 6,003,000 

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From Today's Release:


"...Job Openings

On the last business day of August, the number and rate of job openings decreased to 10.4 million (-659,000) and 6.6 percent, respectively. Job openings decreased in several industries with the largest decreases in health care and social assistance (-224,000); accommodation and food services (-178,000); and state and local government education (-124,000). Job openings increased in federal government (+22,000). The number of job openings decreased in the Northeast and Midwest regions.

Hires
In August, the number and rate of hires decreased to 6.3 million (-439,000) and 4.3 percent, respectively. Hires decreased in accommodation and food services (-240,000) and in state and local government education (-160,000). The number of hires decreased in the Midwest region.

 
Separations
Total separations includes quits, layoffs and discharges, and other separations. 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.
 
In August, the number and rate of total separations were little changed at 6.0 million and 4.1 percent, respectively. The total separations level increased in accommodation and food services (+203,000) and in state and local government education (+57,000). The total separations level decreased in other services (-68,000) and in state and local government, excluding education (-26,000). Total separations were little changed in all four regions.
 
The number of quits increased in August to [a record high] 4.3 million (+242,000). The quits rate increased to a series high of 2.9 percent. Quits increased in accommodation and food services (+157,000); wholesale trade (+26,000); and state and local government education (+25,000). Quits decreased in real estate and rental and leasing (-23,000). The number of quits increased in the South and Midwest regions.
 
In August, the number and rate of layoffs and discharges were little changed at 1.3 million and 0.9 percent, respectively. Layoffs and discharges decreased in other services (-61,000) and in state and local government, excluding education (-22,000). Layoffs and discharges increased in state and local government education (+19,000). Layoffs and discharges were little changed in all four regions.

The number of other separations edged up in August to 390,000 (+49,000). Other separations increased in several industries with the largest increases in state and local government education (+13,000); information (+11,000); and durable goods manufacturing (+8,000). The other separations level increased in the West region..."

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CHART: Hires and Total Separations Rates August 2021 Update

CHART: Hires and Total Separations Rates
August 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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Thursday, September 09, 2021

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

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

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Job Openings

Predicted: 10,300,000
Actual:    10,934,000 (New Record High)

  • Previous Month (revised): 10,185,000

  • One Year Previous: 6,717,000

  • Change from one year previous: +62.781% (+4,217,000)

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Hires: 6,667,000 

Total Separations §: 5,786,000 

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From Today's Release:

"...Job Openings: On the last business day of July, the number and rate of job openings increased to series highs of 10.9 million (+749,000) and 6.9 percent, respectively. Job openings increased in several industries, with the largest increases in health care and social assistance (+294,000); finance and insurance (+116,000); and accommodation and food services (+115,000). The number of job openings increased in the Northeast, South, and West regions..."

"...Collection Mode: Data collection for JOLTS was affected by the COVID-19 pandemic. Prior to the pandemic, JOLTS collected 42 percent of data by phone at the JOLTS data collection center on average. Most phone respondents were asked to report electronically. However, data collection was adversely affected by the inability to reach some respondents that normally respond by phone..."


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CHART: Hires and Total Separations Rates - July 2021 Update

CHART: Hires and Total Separations Rates
July 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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