by Calculated Danger on 10/01/2024 10:01:00 AM
From the BLS: Job Openings and Labor Turnover Abstract
The variety of job openings was little modified at 8.0 million on the final enterprise day of August, the
U.S. Bureau of Labor Statistics reported at the moment. Over the month, hires modified little at 5.3 million. Complete
separations modified little at 5.0 million. Inside separations, quits (3.1 million) continued to development down
and layoffs and discharges (1.6 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 sequence began in December 2000.
Word: The distinction between JOLTS hires and separations is much like the CES (payroll survey) web jobs headline numbers. This report is for August; the employment report this Friday will probably be for September.
Click on on graph for bigger picture.
Word that hires (darkish blue) and complete separations (purple and lightweight 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 web jobs – when it’s beneath the columns, the financial system is dropping 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 elevated in August to eight.04 million from 7.71 million in July.
Quits had been down 14% year-over-year. These are voluntary separations. (See mild blue columns at backside of graph for development for “quits”).
