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- U.S. job openings decrease slightly in September
U.S. job openings decrease slightly in September
The Job
Openings and Labor Turnover Survey (JOLTS) published by the Labor Department on
Tuesday showed a 3.8 percent m-o-m drop in the U.S. job openings in September.
According to
the report, employers posted 7.024 million job openings in September, compared
to the August figure of 7.301 million (revised from 7.051 million in original
estimate) and economists’ expectations of 7.211 million. The job openings rate
was 4.4 percent in September, down from a revised 4.6 percent in the prior
month. The report showed that the number of job openings edged down for total
private (-262,000 jobs) and was little changed for government. The job openings
level declined in health care and social assistance (-124,000), retail trade
(-102,000), and federal government (-19,000). Job openings rose in information
(+25,000).
Meanwhile, the
number of hires rose by 0.8 percent m-o-m to 5. 349 million in September from
5.884 in August. The hiring rate was 3.9 percent, unchanged from August. The
number of hires was little changed for total private and for government. The
hires level fell in federal government (-30,000).
The separation
rate in September was at 5.808 million or 3.8 percent, compared to 5.732
million or 3.8 percent in August. Within separations, the quits rate was 2.3
percent (-0.1 pp m-o-m), and the layoffs rate was 1.3 percent (-0.1 pp m-o-m).
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