Global| Feb 06 2018U.S. JOLTS: Job Openings and Hiring Rates Erode
Summary
The Bureau of Labor Statistics reported that the total job openings rate in November fell to 3.8%, its lowest level in six months. The hiring rate also fell slightly to 3.7% from the expansion high of 3.8%. These figures are from the [...]
The Bureau of Labor Statistics reported that the total job openings rate in November fell to 3.8%, its lowest level in six months. The hiring rate also fell slightly to 3.7% from the expansion high of 3.8%. These figures are from the Job Openings & Labor Turnover Survey (JOLTS), which dates back to December 2000............
The JOLTS survey dates to December 2000 and the figures are available in Haver's USECON database.
| JOLTS (Job Openings & Labor Turnover Survey, SA) | Dec | Nov | Oct | Dec '16 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|
| Job Openings, Total | |||||||
| Rate (%) | 3.8 | 3.9 | 4.0 | 3.7 | 3.7 | 3.6 | 3.3 |
| Total (000s) | 5,879 | 5,925 | 6,177 | 4.4% | 3.1% | 12.1% | 28.1% |
| Hires, Total | |||||||
| Rate (%) | 3.7 | 3.8 | 3.6 | 3.6 | 43.6 | 43.5 | 42.4 |
| Total (000s) | 5,488 | 5,592 | 5,320 | 4.3% | 1.2% | 5.8% | 8.2% |
| Layoffs & Discharges, Total | |||||||
| Rate (%) | 1.1 | 1.2 | 1.2 | 1.1 | 13.7 | 14.8 | 14.7 |
| Total (000s) | 1,686 | 1,693 | 1,746 | 1.6% | -4.8% | 2.8% | 2.3% |
Gerald D. Cohen
AuthorMore in Author Profile »Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
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