Tag

Jolts

All articles tagged with #jolts

May Job Openings Beat Forecasts at 7.6 Million
economy11 days ago

May Job Openings Beat Forecasts at 7.6 Million

U.S. job openings in May rose to 7.6 million, matching April and beating economists’ 7.3 million forecast; gains were led by wholesale trade and accommodations/food services, while healthcare and finance declined. The quits rate held at 1.9%, hires at 3.3%, and layoffs edged up slightly, with rates hovering around 1%–1.2% since mid-2024, according to the Bureau of Labor Statistics’ JOLTS report.

economy3 months ago

Fewer Hires, Steady Openings: February 2026 JOLTS Snapshot

The February 2026 JOLTS release from the U.S. Bureau of Labor Statistics shows job openings at 6.9 million (little changed), hires at 4.8 million, and total separations at 5.0 million. Within separations, quits were 3.0 million and layoffs/discharges 1.7 million, signaling a still-tight but softening U.S. labor market across the total nonfarm sector and by establishment size/industry.

DJIA Dips as Layoffs Surge and Hiring Slows
business5 months ago

DJIA Dips as Layoffs Surge and Hiring Slows

The Dow Jones declined about 0.6% as January planned layoffs jumped 118% year-over-year to 108,435—the highest since 2009—led by UPS and Amazon; hiring slowed to 5,306 new hires, while JOLTS showed 6.542 million job openings (below the 7.25 million expected). Initial jobless claims rose to 231,000 and continuing claims to 1.844 million, signaling softer labor conditions and weighing on the Dow, with tech names and the DIA ETF contributing to the declines.

Labor market shows cracks as December JOLTS signals softer openings
economy5 months ago

Labor market shows cracks as December JOLTS signals softer openings

December JOLTS data show job openings fell to 6.5 million and the openings rate to 3.9%, while hiring rose only modestly to 3.3%, signaling softer demand for workers. The downturn is echoed by rising unemployment claims and notable layoffs, though some indicators (like Bank of America data) suggest pockets of improvement, leaving the labor market in a fragile stabilization phase that could influence Fed decisions.

"US Job Openings Dip to 8.9 Million in January 2024, Reflecting Cooling Labor Market"
labor-market2 years ago

"US Job Openings Dip to 8.9 Million in January 2024, Reflecting Cooling Labor Market"

Job openings in January dipped to their lowest level since March 2021, with 8.86 million open positions, while the quits rate, a measure of worker confidence, decreased to 2.1%. Despite this, the labor market is still considered strong, according to economists. Wage gains for job changers increased in February, indicating ongoing tightness in the labor market, but there are signs that wage growth may slow in the future, potentially impacting inflation. The February jobs report is expected to show a decrease in wage growth and the addition of 200,000 jobs to the US economy, with an unchanged unemployment rate of 3.7%.

"US Job Openings Drop to Lowest Level Since March 2021, Reflecting Labor Market Demand"
economics2 years ago

"US Job Openings Drop to Lowest Level Since March 2021, Reflecting Labor Market Demand"

Job openings in January dipped to their lowest level since March 2021, with 8.86 million open positions, while the quits rate decreased to 2.1%, signaling confidence among workers. The labor market is described as "still quite strong" by economists, and Federal Reserve Chair Jerome Powell noted that supply and demand conditions are improving. Wage gains for job changers increased in February, indicating ongoing tightness in the labor market, but there are signs pointing to potential wage deceleration in the future. Economists expect the February jobs report to show 200,000 jobs added and a 4.3% wage growth, down from 4.5% in January.

"US Job Openings Surge to 9M in December, Exceeding Expectations"
economic-data2 years ago

"US Job Openings Surge to 9M in December, Exceeding Expectations"

The latest JOLTS data for December showed job openings at 9.026 million, surpassing the 8.750 million estimate, with the quits rate remaining unchanged at 2.2%. Despite little change in layoffs and discharges, hires were also relatively stable. Total separations, including quits, layoffs, and discharges, remained at 5.4 million. The data, while near post-pandemic lows, exceeded expectations. US yields are trading near highs, with the 2-year yield at 4.346%, 5-year at 4.005%, 10-year at 4.083%, and 30-year at 4.306%.

economy-and-labor2 years ago

"Addressing the Construction Labor Shortage Amidst Industry Boom and Workforce Challenges"

The Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) for November revealed significant disparities in job openings across industries. Construction is experiencing a boom with a 44% increase in job openings since 2019, reaching the highest number in the data set. In contrast, the information sector, which includes tech and social media companies, saw a 20% decline in job openings compared to 2019. Other sectors like professional and business services, manufacturing, and healthcare continue to have a tight labor market with job openings significantly higher than in 2019, while retail trade has seen a decrease. State and local government education sectors still show signs of teacher shortages, and wholesale trade has seen a slight increase in job openings.