Job Openings Elevated to 7.4 Million in February

by Calculated Danger on 4/06/2021 10:06:00 AM From the BLS: Job Openings and Labor Turnover Abstract The variety of job openings edged as much as 7.4 million on the final enterprise day of February, the U.S. Bureau of Labor Statistics reported as we speak. Hires additionally edged as much as 5.7 million whereas complete separations


by Calculated Danger on 4/06/2021 10:06:00 AM

From the BLS: Job Openings and Labor Turnover Abstract

The variety of job openings edged as much as 7.4 million on the final enterprise day of February, the U.S.
Bureau of Labor Statistics reported as we speak. Hires additionally edged as much as 5.7 million whereas complete separations
had been little modified at 5.5 million. Inside separations, the quits price and layoffs and discharges price had been
unchanged at 2.3 % and 1.2 %, respectively.
emphasis added

The next graph exhibits job openings (yellow line), hires (darkish blue), Layoff, Discharges and different (purple column), and Quits (mild blue column) from the JOLTS.

This collection began in December 2000.

Word: The distinction between JOLTS hires and separations is just like the CES (payroll survey) internet jobs headline numbers. This report is for February, the newest employment report was for March.

Click on on graph for bigger picture.

Word that hires (darkish blue) and complete separations (purple and lightweight blue columns stacked) are normally 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 beneath the columns, the economic system is dropping jobs.

The large spikes in layoffs and discharges in March and April 2020 are labeled, however off the chart to raised present the same old knowledge.

Jobs openings elevated in February to 7.367 million from 7.099 million in January.  That is near the collection most of seven.574 million.

The variety of job openings (yellow) had been up 5.1% year-over-year.  Word that job openings had been declining a 12 months in the past previous to the pandemic.

Quits had been down 2.1% year-over-year. These are voluntary separations. (see mild blue columns at backside of graph for development for “quits”).



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