New Unemployment Insurance Claims for The Week of September 16, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 16, 2023:

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

Predicted: 225,000

• Actual: 201,000

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

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 221,000

• 4-Week Moving Average: 217,000

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

• Click here to view the full Labor Department report

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

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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

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

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

============= 

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New Unemployment Insurance Claims for The Week of August 19, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on August 19, 2023:

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

Predicted: 235,000

• Actual: 230,000

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

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 240,000

• 4-Week Moving Average: 236,750

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

• Click here to view the full Labor Department report

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

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Challenger Report on Corporate Layoffs for June 2023

Earlier today, the global outplacement consultancy Challenger, Gray and Christmas, Inc. released its report on Corporate Layoffs for June 2023:

-------------------------------

Job Cuts Announced During June 2023: 40,709

• Previous month: 80,089

• Change from previous month: -49.17% (-39,380)

• Change from one year previous: +25.19% (8,192)
  

-------------------------------

If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.
 

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

Challenger Report on Corporate Layoffs
Technology Jobs Cuts
 June 2023 UPDATE

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

• Click here to read the full Challenger, Gray and Christmas report

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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

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

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

============= 

 

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New Unemployment Insurance Claims for The Week of July 1, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on July 1, 2023:

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

Predicted: 250,000

• Actual: 248,000

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

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 236,000

• 4-Week Moving Average: 253,250

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

• Click here to view the full Labor Department report

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

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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

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

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

============= 

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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

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

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

============= 

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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

  =============

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

============= 

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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

  =============

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

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

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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

 =============

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

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

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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

 =============

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

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

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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."

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

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

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

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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

 

 =============

§ = 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."

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

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

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

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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

 =============

§ = 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."

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

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

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

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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

 =============

§ = 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."

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

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

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

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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

 =============

§ = 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."

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

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

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

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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

 =============

§ = 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."

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

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

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

 

 

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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

 =============

§ = 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."

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

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

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

 

 

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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

 =============

§ = 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."

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

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

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

 

 

 

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