by Calculated Threat on 1/07/2025 10:00:00 AM
From the BLS: Job Openings and Labor Turnover Abstract
The variety of job openings was little modified at 8.1 million on the final enterprise day of November, the
U.S. Bureau of Labor Statistics reported immediately. Over the month, hires and complete separations have been little
modified at 5.3 million and 5.1 million, respectively. Inside separations, quits (3.1 million) decreased,
however layoffs and discharges (1.8 million) modified little.
emphasis added
The next graph reveals 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.
Notice: The distinction between JOLTS hires and separations is just like the CES (payroll survey) internet jobs headline numbers. This report is for November; the employment report this Friday shall be for December.
Click on on graph for bigger picture.
Notice that hires (darkish blue) and complete separations (purple and light-weight blue columns stacked) are often fairly shut every month. It is a measure of labor market turnover. When the blue line is above the 2 stacked columns, the economic system is including internet jobs – when it’s under 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 same old information.
Jobs openings elevated in November to eight.10 million from 7.84 million in October.
Quits have been down 13% year-over-year. These are voluntary separations. (See mild blue columns at backside of graph for pattern for “quits”).
