Employment Opportunities and Labor Turnover Survey: Job openings decreased in October
Below, Elise Gould, chief economist at EPI, provides her preliminary insights into today’s release of the Employment Opportunities and Employment Turnover Survey (JOLTS) for October. Read the full Twitter thread here.
And while the bottleneck rate remains high, total dismissals held steady in October as hiring eased slightly. Layoffs increased slightly with quits decreasing slightly. Overall, these labor market metrics showed very little changes from September. pic.twitter.com/XDZo45f8Sq
– Elise Gould (@eliselgould) November 30, 2022
Although the smoking cessation rate remains above standard, it has been declining for months. Employment continues to outpace layoffs in every major sector as workers seek and find new jobs. pic.twitter.com/WLAPd8bC0v
– Elise Gould (@eliselgould) November 30, 2022
The downward trend in employment is the most prominent feature of today’s report (particularly in the private sector). It’s also important to put the latest numbers into perspective to show how peak levels in this pandemic business cycle have abated significantly this year. pic.twitter.com/C7OEzd8FoL
– Elise Gould (@eliselgould) November 30, 2022
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