JOLTS: Number Of Job Openings Down In October, Hires & Separations Change Marginally

JOLTS: Number Of Job Openings Down In October, Hires & Separations Change Marginally
  • October Job Openings: 10.334 million vs. the consensus of 10.50 million and 10.687 million (revised) prior.
  • The rate changed a little at 6.3% but was 1.0 percentage points lower than its peak in March 2022
  • Job openings rate 6.3% vs. 6.5% prior.
  • The quits rate was 2.6% vs. 2.7% prior. Quits decreased in information (-29k).
  • In October, job openings decreased in state and local government, excluding education (-101k); nondurable goods manufacturing (-95k); and federal government (-61k). 
  • The number of job openings increased in other services (+76k) and finance and insurance (+70k)
  • The number and rate of layoffs and discharges changed little at 1.4 million and 0.9%, respectively.
  • In October, the number and rate of hires changed a little at 6.0 million and 3.9%, respectively. Hires changed little in all industries.
  • Photo by Satheesh Sankaran from Pixabay

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