JOLTS Day Graphs: August 2019 Report Edition

Every month the U.S. Bureau of Labor Statistics releases data on hiring, firing, and other labor market flows from the Job Openings and Labor Turnover Survey, better known as JOLTS. Today, the BLS released the latest data for August 2019. This report doesn’t get as much attention as the monthly Employment Situation Report, but it contains useful information about the state of the U.S. labor market. Below are a few key graphs using data from the report.

1.

The quits rate dropped slightly to 2.3% but still suggests that workers are confident.

2.

Hires per opening has ticked up a bit lately, but drops to 0.82 in this report

3.

Unemployed workers per job opening has been fluctuating slightly around 0.8 for months

4.

Job openings declined slightly, to their lowest point since March of 2018.

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