Job opportunities decreased in June but remained much higher than in the pre-pandemic period
Below, Elise Gould, chief economist at EPI, provides her initial view on today’s release of the Job Opportunities and Employment Turnover Survey (JOLTS) for June. Read the full Twitter thread here.
slight correction. Job opportunities have been dropping every month since the March streak high. That’s three straight months of declines. Please pardon the error in calculating the months when it is now August and the data for June.
– Elise Gould (@eliselgould) August 2, 2022
Employment continues to outpace layoffs in every major sector as workers search for and find new jobs. Disruption remains highest in low-paid accommodation and food services. Wage growth in this sector indicates that workers find better jobs when they leave work. pic.twitter.com/JbNQv4Dub0
– Elise Gould (@eliselgould) August 2, 2022
Employment in accommodation and food services has increased for two months in a row even as the smoking cessation rate remains the highest in all sectors. Every month, workers continue to leave their jobs and find new and potentially better opportunities within accommodation and food services. pic.twitter.com/ShdZXoPK3T
– Elise Gould (@eliselgould) August 2, 2022
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