by Danger calculated on 04/10/2022 10:06:00
From the BLS: Abstract of vacancies and labor turnover
The variety of job vacancies fell to 10.1 million the final enterprise day of August, the US Bureau of Labor Statistics reported at this time. Complete hirings and departures had been little modified at 6.3 million and 6.0 million, respectively. Amongst departures, resignations (4.2 million) and layoffs and dismissals (1.5 million) modified little.
added emphasis
The next chart reveals JOLTS job postings (black line), hirings (darkish blue), layoffs, layoffs and others (purple column), and quits (mild blue column).
This sequence started in December 2000.
Observe: The distinction between JOLTS hires and departures is just like the CES (Payroll Survey) Web Jobs key figures. This report is for August, this Friday’s employment report will probably be for September.
Click on on the graphic to enlarge the picture.
Observe that whole hires (darkish blue) and whole departures (stacked purple and light-weight blue columns) are often fairly shut every month. It’s a measure of labor market turnover. When the blue line is above the 2 stacked columns, the economic system is creating web jobs – when it’s under the columns, the economic system is dropping jobs.
The height in layoffs and layoffs in March 2020 is labeled, however off the chart to higher present the same old information.
Job vacancies fell in August to 10.053 million from 11.170 million in July.
The variety of (black) job openings was down 5% 12 months over 12 months.
Resignations elevated barely 12 months over 12 months. These are voluntary separations. (See the sunshine blue columns on the backside of the chart for the “drop out” development).