Job Openings Elevated to Document 9.3 Million in April

by Calculated Danger on 6/08/2021 10:07:00 AM From the BLS: Job Openings and Labor Turnover Abstract The variety of job openings reached a collection excessive of 9.3 million on the final enterprise day of April, the U.S. Bureau of Labor Statistics reported as we speak. Hires had been little modified at 6.1 million. Complete separations


by Calculated Danger on 6/08/2021 10:07:00 AM

From the BLS: Job Openings and Labor Turnover Abstract

The variety of job openings reached a collection excessive of 9.3 million on the final enterprise day of April, the
U.S. Bureau of Labor Statistics reported as we speak. Hires had been little modified at 6.1 million. Complete
separations elevated to five.8 million. Inside separations, the quits charge reached a collection excessive of two.7
p.c whereas the layoffs and discharges charge decreased to a collection low of 1.0 p.c.
emphasis added

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

This collection began in December 2000.

Word: The distinction between JOLTS hires and separations is much like the CES (payroll survey) internet jobs headline numbers. This report is for April, the latest employment report was for Could.

Click on on graph for bigger picture.

Word that hires (darkish blue) and whole separations (crimson and light-weight 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 under the columns, the economic system is dropping jobs.

The massive spikes in layoffs and discharges in March and April 2020 are labeled, however off the chart to higher present the same old information.

Jobs openings elevated in April to 9.286 million from 8.288 million in March.  It is a new report excessive for this collection.

The variety of job openings (yellow) had been up 100% year-over-year. It is a comparability to the worst of the pandemic.

Quits had been up 88% year-over-year. These are voluntary separations. (see mild blue columns at backside of graph for pattern for “quits”).  It is a report excessive for Quits too.



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