- Prior month 7.774M revised to 7.762M
- JOLTs job openings 7.568 million down from 7.762 million last month
- For the year the job openings are down 877,000.
- Jobs opening rate at 4.5%
- Quits rate 2.0% versus 2.1% last month
- Vacancy rate 4.5% versus 4.7% last month (revised up from 4.6%)
Below are the detals from the BLS:
Hires (Feb):
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Total hires: 5.4 million (UNCHANGED)
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Hires rate: 3.4% (UNCHANGED)
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No significant change across industries
Separations (Feb):
Quits (Feb):
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Total quits: 3.2 million (UNCHANGED MoM; -273,000 YoY)
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Quits rate: 2.0% (UNCHANGED)
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Increase:
Layoffs & Discharges (Feb):
Other Separations (Feb):
Looking at the data of the JOLT, the values are hanging within the post-pandemic lows. Those lows are still above the pre-pandemic lows. Although the levels are well below the post-pandemic levels, it was thought that the demand for workers was exaggerated.
Being above the prepandemic is still showing some strength despite the ups and downs (or so it seems). .