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Friday, October 18, 2019
HomeNewsEconomyJOLTS: Job Openings, Separations Down But Little Changed in August

JOLTS: Job Openings, Separations Down But Little Changed in August

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

The U.S. Bureau of Labor Statistics (BLS) reported job openings and labor turnover (JOLTS) were little changed in August, though slightly missed the consensus. The number of job openings (rounded) came in at 7.1 million on the last business day of August, down from 7.1 million in July.

Forecasters were looking for a low 7.100 million to a high of 7.200 million. The consensus forecast was 7.186 million, slightly higher than the reading.

Total hires ticked down to 5.8 million and separations were also little changed at 5.6 million. Within separations, the quits rate was largely unchanged at 2.3%, and the layoffs and discharges rate was unchanged at 1.2%.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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