The Job Openings and Labor Turnover Survey
- Prior was 5967 (revised from 6044)
- Quits rate at 2.2%
- Prior quits rate 2.1%
- Quits up 177K
- Hires up 429K
- Separations up 251K
- Full report
More detail about job openings:
- The number of job openings decreased for total private (-283,000) and was little changed for government.
- Job openings increased in retail trade (+72,000) and
- educational services (+17,000).
- Job openings decreased in a number of industries with the largest decreases occurring in construction (-46,000) and transportation, warehousing, and utilities (-45,000).
More detail about hires:
- Hires increased in professional and business services (+121,000),
- other services (+78,000), and
- educational services (+25,000).
More detail on quits:
- The number of quits rose for total private (+159,000) and for government (+19,000).
- Quits increased in a number of industries with the largest increases occurring in retail trade (+66,000) and transportation, warehousing, and utilities (+20,000).
- The number of quits decreased in arts, entertainment, and recreation (-15,000).
Last month was a surprise to the upside. This report is more of a surprise to the downside. A higher quit rate is a sign that worker are finding work. Hires are up. Separations are also higher but you might argue that the separations sopped up some of the job openings.