New Unemployment Insurance Claims for The Week of November 11, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 11, 2023:

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

Predicted: 220,000

• Actual: 231,000

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

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): 218,000

• 4-Week Moving Average: 220,250

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

• Click here to view the full Labor Department report

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

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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

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

• * = 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 November 4, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 4, 2023:

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

Predicted: 220,000

• Actual: 217,000

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

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): 220,000

• 4-Week Moving Average: 212,250

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

• Click here to view the full Labor Department report

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

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Employment Situation Report for October 2023

Employment Situation Report for October 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +150,000

Previous Month (Revised): 297,000
One Year Previous: 324,000

U-3 Unemployment Rate (Headline)
Actual: 3.9%
Previous Month: 3.8%
12 Months Previous: 3.7%

U-6 Unemployment Rate*
Actual: 7.2%
Previous Month: 7.0%
12 Months Previous: 6.7%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.206% (+$0.07)

Average Hourly Earnings (year-on-year change)
Predicted: +4.4%
Actual: +4.103% (+$1.34)

Average Weekly Earnings (month-to-month change)
Actual: -0.085% (-$0.99)

Average Weekly Earnings (year-on-year change)
Actual: +3.2% (+$36.16)

Civilian Labor Force Participation Rate: 62.7%
Previous Month: 62.8%
12 Months Previous: 62.2%

Average Workweek
Predicted: 34.3 hours
Actual: 34.3 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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

CHART: Month-to-Month Change
In Nonfarm Employment
October 2023 UPDATE

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

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

• Click here to view the full Department of Labor report.

=================== 

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Employment Situation Report for September 2023

Employment Situation Report for September 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +336,000

Previous Month (Revised): 227,000
One Year Previous: 350,000

U-3 Unemployment Rate (Headline)
Actual: 3.8%
Previous Month: 3.8%
12 Months Previous: 3.5%

U-6 Unemployment Rate*
Actual: 7.0%
Previous Month: 7.1%
12 Months Previous: 6.7%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.207% (+$0.07)

Average Hourly Earnings (year-on-year change)
Predicted: +4.4%
Actual: +4.15% (+$1.35)

Average Weekly Earnings (month-to-month change)
Actual: +0.207% (+$2.41)

Average Weekly Earnings (year-on-year change)
Actual: +3.55% (+$39.93)

Civilian Labor Force Participation Rate: 62.8%
Previous Month: 62.8%
12 Months Previous: 62.3%

Average Workweek
Predicted: 34.4 hours
Actual: 34.4 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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

CHART: Month-to-Month Change
In Nonfarm Employment
September 2023 UPDATE

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

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

• Click here to view the full Department of Labor report.

=================== 

 

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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

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

• * = 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 September 23, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 23, 2023:

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

Predicted: 210,000

• Actual: 204,000

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

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): 202,000

• 4-Week Moving Average: 211,000

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

• Click here to view the full Labor Department report

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

 

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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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Employment Situation Report for August 2023

Employment Situation Report for August 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +187,000

Previous Month (Revised): 157,000
One Year Previous: 352,000

U-3 Unemployment Rate (Headline)
Actual: 3.8%
Previous Month: 3.5%
12 Months Previous: 3.7%

U-6 Unemployment Rate*
Actual: 7.1%
Previous Month: 6.7%
12 Months Previous: 7.0%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.237% (+$0.08)

Average Hourly Earnings (year-on-year change)
Predicted: +4.4%
Actual: +4.29% (+$1.39)

Average Weekly Earnings (month-to-month change)
Actual: +0.53% (+$6.13)

Average Weekly Earnings (year-on-year change)
Actual: +3.98% (+$44.57)

Civilian Labor Force Participation Rate: 62.8%
Previous Month: 62.6%
12 Months Previous: 62.3%

Average Workweek
Predicted: 34.4 hours
Actual: 34.4 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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

CHART: Month-to-Month Change
In Nonfarm Employment
August 2023 Update

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

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

• Click here to view the full Department of Labor 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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Employment Situation Report for July 2023

Employment Situation Report for July 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +187,000

Previous Month (Revised): 185,000
One Year Previous: 568,000

U-3 Unemployment Rate (Headline)
Actual: 3.5%
Previous Month: 3.6%
12 Months Previous: 3.5%

U-6 Unemployment Rate*
Actual: 6.7%
Previous Month: 6.9%
12 Months Previous: 6.8%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.417% (+$0.14)

Average Hourly Earnings (year-on-year change)
Predicted: +4.4%
Actual: +4.361% (+$1.41)

Average Weekly Earnings (month-to-month change)
Actual: +0.125% (+$1.44)

Average Weekly Earnings (year-on-year change)
Actual: +3.46% (+$38.66)

Civilian Labor Force Participation Rate: 62.6%
Previous Month: 62.6%
12 Months Previous: 62.1%

Average Workweek
Predicted: 34.4 hours
Actual: 34.3 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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

CHART: Month-to-Month Change
In Nonfarm Employment
July 2023 Update

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

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

• Click here to view the full Department of Labor report.

=================== 

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Employment Situation Report for June 2023

Employment Situation Report for June 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +209,000

Previous Month (Revised): 306,000
One Year Previous: 370,000

U-3 Unemployment Rate (Headline)
Actual: 3.6%
Previous Month: 3.7%
12 Months Previous: 3.6%

U-6 Unemployment Rate*
Actual: 6.9%
Previous Month: 6.7%
12 Months Previous: 6.7%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.36% (+$0.12)

Average Hourly Earnings (year-on-year change)
Predicted: +3.5%
Actual: +4.35% (+$1.40)

Average Weekly Earnings (month-to-month change)
Actual: +0.65% (+$7.47)

Average Weekly Earnings (year-on-year change)
Actual: +3.75% (+$41.72)

Civilian Labor Force Participation Rate: 62.6%
Previous Month: 62.6%
12 Months Previous: 62.2%

Average Workweek
Predicted: 34.4 hours
Actual: 34.4 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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

CHART: U-3 (Official) Unemployment Rate
June 2023 Update

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

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

• Click here to view the full Department of Labor 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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New Unemployment Insurance Claims for The Week of June 24, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on June 24, 2023:

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

Predicted: 270,000

• Actual: 239,000

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

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): 265,000

• 4-Week Moving Average: 257,500

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

 From Today's Report

"...The 4-week moving average was 257,500, an increase of 1,500 from the previous week's revised average. This is the highest level for this average since November 13, 2021 when it was 260,000..."

 ====================

• Click here to view the full Labor Department report

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

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New Unemployment Insurance Claims for The Week of June 3, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on June 3, 2023:

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

Predicted: 250,000

• Actual: 261,000

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

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): 233,000

• 4-Week Moving Average: 237,250

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

 From Today's Report

"...[261,000] is the highest level for initial claims since October 30, 2021 when it was 264,000..."

 ====================

• Click here to view the full Labor Department report

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

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Employment Situation Report for May 2023

Employment Situation Report for May 2023 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +339,000

Previous Month (Revised): 294,000
One Year Previous: 364,000

U-3 Unemployment Rate (Headline)
Actual: 3.7%
Previous Month: 3.4%
12 Months Previous: 3.6%

U-6 Unemployment Rate*
Actual: 6.7%
Previous Month: 6.6%
12 Months Previous: 7.1%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.33% (+$0.11)

Average Hourly Earnings (year-on-year change)
Predicted: +3.5%
Actual: +4.304% (+$1.38)

Average Weekly Earnings (month-to-month change)
Actual: +0.038% (+$0.44)

Average Weekly Earnings (year-on-year change)
Actual: +3.4% (+$37.71)

Civilian Labor Force Participation Rate: 62.6%
Previous Month: 62.6%
12 Months Previous: 62.3%

Average Workweek
Predicted: 34.4 hours
Actual: 34.3 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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

CHART: U-3 (Official) Unemployment Rate
May 2023 Update

   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

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

• Click here to view the full Department of Labor 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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