by Calculated Threat on 5/01/2024 10:09:00 AM
From the BLS: Job Openings and Labor Turnover Abstract
The variety of job openings modified little at 8.5 million on the final enterprise day of March, the U.S.
Bureau of Labor Statistics reported immediately. Over the month, the variety of hires modified little at 5.5
million whereas the variety of complete separations decreased to five.2 million. Inside separations, quits
(3.3 million) and layoffs and discharges (1.5 million) modified little.
emphasis added
The next graph reveals job openings (black line), hires (darkish blue), Layoff, Discharges and different (crimson column), and Quits (gentle blue column) from the JOLTS.
This collection began in December 2000.
Notice: The distinction between JOLTS hires and separations is just like the CES (payroll survey) internet jobs headline numbers. This report is for March; the employment report this Friday will probably be for April.
Click on on graph for bigger picture.
Notice that hires (darkish blue) and complete separations (crimson and light-weight blue columns stacked) are often fairly shut every month. This can be a measure of labor market turnover. When the blue line is above the 2 stacked columns, the financial system is including internet jobs – when it’s under the columns, the financial system is shedding jobs.
The spike in layoffs and discharges in March 2020 is labeled, however off the chart to raised present the same old information.
Jobs openings decreased in March to eight.49 million from 8.81 million in February.
Quits had been down 13% year-over-year. These are voluntary separations. (See gentle blue columns at backside of graph for pattern for “quits”).
