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Sunday, October 20, 2019
HomeNewsEconomyJOLTS: Hiring Hits Series High, Job Openings Beat Forecast

JOLTS: Hiring Hits Series High, Job Openings Beat Forecast

Series with themes reflecting a certain billionaire politician who won the 2016 presidential election touting a very strong labor market. (Photo: AdobeStock)
Series with themes reflecting a certain billionaire politician who won the 2016 presidential election touting a very strong labor market. (Photo: AdobeStock)
Series with themes reflecting a certain billionaire politician who won the 2016 presidential election touting a very strong labor market. (Photo: AdobeStock)

The Bureau of Labor Statistics (BLS) JOLTS report beat expectations, with the hiring hitting a series high and a number of job openings rising to 7.449 million on the last business day of April.

The consensus forecast was looking for an even 7.4 million. Hires increased slightly to a new high at 5.9 million, and separations were largely unchanged at 5.6 million.

IndicatorPriorPrior RevisedConsensus ForecastForecast RangeActual
Job Openings7.488 M7.474 M7.400 M7.240 M to 7.450 M7.449 M

Within separations, the quits rate was unchanged at a low 2.3%, while the layoffs and discharges rate was unchanged at a low 1.2%.

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