U.S. job openings in February came in blazing hot again at 11.3 million, which translated to 1.8 jobs available per unemployed worker, the Bureau of Labor Statistics reported on Tuesday. The new data will add more pressure on the Federal Reserve to raise interest rates and cool the economy, and ... READ MORE >
JOLTS
Chart of the day: Job openings surpass 11 million in back-to-back months
The scramble by employers to find workers continued amid a historically tight labor market in January, as employers reported 11.3 million job openings for the month, according to government data released on Wednesday. That would have been the highest on record, except that December's figure was revised ... READ MORE >
Labor market tightened in November despite decline in job openings
Demand for labor declined slightly in November while the rate of people quitting their jobs returned to an all-time high, according to data released by the Bureau of Labor Statistics on Tuesday. Despite the decrease of about 529,000 job openings—a proxy for labor demand—the total number of vacancies ... READ MORE >
Chart of the day: Job openings rise to second highest on record as quit rate slowed
The demand for labor stayed strong in October as concerns over the delta variant faded and the economy continued to bounce back from the pandemic. Job openings, a proxy for labor demand, reached 11.03 million, exceeding 11 million for the second time on record, slightly lower than the all-time high set ... READ MORE >
Strong labor demand pushed quit rate to a record
Demand for labor showed little change in September as job openings stayed at 10.4 million and the rate of people quitting their jobs reached an all-time high at 3.0%, according to new data on Friday from the Bureau of Labor Statistics. The imbalance of the labor market, where demand for labor ... READ MORE >
Job openings eased as quits hit a record
Demand for labor remained strong as job openings ebbed to 10.4 million in August following a record in July, which was revised upwardly to 11.1 million, according to Labor Department data released on Tuesday. Job hires declined in back-to-back months, to 6.3 million from the recent high of 6.8 million ... READ MORE >
CHART OF THE DAY: Job openings set another record at 10.9 million in July
Job openings in the United States reached a record 10.9 million in July, continuing to show that the demand for workers remains strong while employers struggle to fill job vacancies. New hires inched down to 6.7 million and job separations were little changed, at 5.8 million, according to Labor ... READ MORE >
CHART OF THE DAY: May was another good month for the labor market
The Job Openings and Labor Turnover Survey released by the Labor Department on Wednesday strongly suggests that American workers are enjoying a moment when work is plentiful and firms appear willing to meet demand for higher wages. Through May, there is roughly one unemployed person per job opening as ... READ MORE >
CHART OF THE DAY: April JOLTS data shows tightening in the labor market, but it’s nothing new
The federal government's job openings and labor turnover survey data for April, also known as JOLTS, implies that while the labor market has tightened—mostly because of people dropping out of the workforce amid broad demographic and structural economic changes—this is nothing new. If anything, there is ... READ MORE >
CHART OF THE DAY: Job openings rose in the first quarter
The number of job openings and those who quit increased in the first three months of the year, pointing to a healthy demand for labor despite the subsequent disappointing employment report for April, according to government data released on Tuesday. There were more than 8.1 million U.S. job openings in ... READ MORE >