by Calculated Danger 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 at the moment. Over the month, hires and whole separations had 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 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.
Notice: The distinction between JOLTS hires and separations is much like the CES (payroll survey) web 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 whole 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 web jobs – when it’s beneath the columns, the economic system is dropping jobs.
The spike in layoffs and discharges in March 2020 is labeled, however off the chart to higher present the standard knowledge.
Jobs openings elevated in November to eight.10 million from 7.84 million in October.
Quits had been down 13% year-over-year. These are voluntary separations. (See mild blue columns at backside of graph for pattern for “quits”).
