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JOLTS Day Graphs: January 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 January 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 has held steady at 2.3% since June of 2018, continuing its historically high trend.

2. The hire-per-job opening rate continues to trend downward, remaining less than one hire for every job opening.

3. The vacancy yield edge up slightly in January, but remains less than one unemployed worker per job opening.

4. The Beveridge Curve is trending upward, reflecting a high job openings rate combined with a low unemployment rate.

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JOLTS Day Graphs: January 2019 Report Edition

March 15, 2019

AUTHORS:

Topics

1.

The quits rate has held steady at 2.3% since June of 2018, continuing its historically high trend.

2.

The hire-per-job opening rate continues to trend downward, remaining less than one hire for every job opening.

3.

The vacancy yield edge up slightly in January, but remains less than one unemployed worker per job opening.

4.

The Beveridge Curve is trending upward, reflecting a high job openings rate combined with a low unemployment rate.

March 15, 2019

AUTHORS:

Topics

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon