by Calculated Danger on 6/04/2024 10:00:00 AM
From the BLS: Job Openings and Labor Turnover Abstract
The variety of job openings modified little at 8.1 million on the final enterprise day of April, the U.S.
Bureau of Labor Statistics reported immediately. Over the month, each the variety of hires and whole
separations had been little modified at 5.6 million and 5.4 million, respectively. Inside separations, quits
(3.5 million) and layoffs and discharges (1.5 million) modified little.
emphasis added
The next graph exhibits job openings (black line), hires (darkish blue), Layoff, Discharges and different (purple column), and Quits (mild blue column) from the JOLTS.
This collection began in December 2000.
Observe: The distinction between JOLTS hires and separations is just like the CES (payroll survey) web jobs headline numbers. This report is for April; the employment report this Friday shall be for Might.
Click on on graph for bigger picture.
Observe that hires (darkish blue) and whole separations (purple and lightweight blue columns stacked) are normally fairly shut every month. This can be a measure of labor market turnover. When the blue line is above the 2 stacked columns, the economic system is including web jobs – when it’s beneath the columns, the economic system is shedding jobs.
The spike in layoffs and discharges in March 2020 is labeled, however off the chart to raised present the standard knowledge.
Jobs openings decreased in April to eight.06 million from 8.36 million in March.
Quits had been down 3% year-over-year. These are voluntary separations. (See mild blue columns at backside of graph for development for “quits”).
