JOLTS Day Graphs: September 2018 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 September 2018. 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.
The quits rate held steady at 2.4 in September, with workers leaving jobs at a higher rate than they did in the last economic expansion.
The hire-per-job-opening rate was little changed over the month, increasing slightly from .81 to .82, and still at historically low levels.
The vacancy yield was little changed and is still less than one unemployed worker per job opening.
The job openings rate decreased from 4.7 to 4.5, but with continued low unemployment, the relationship between the two still reflects a tight labor market.