The U.S. Bureau of Labor Statistics (BLS) today (9-8-21) reported its Job Opening and Labor Turnover Survey (JOLTS) for July 2021. According to the JOLTS report, as of the last business day in July, the number and rate of job openings was at a series record high of 10.9 million, or +749,000. The job openings rate increased to 6.9%.
In July, the number and rate of hires was little changed at 6.7 million and 4.5%, respectively. The number of total separations was little changed at 5.8 million. The rate was little changed at 3.9%. The number of layoffs and discharges increased to 1.5 million. The rate was 1.0%. The quits level and rate increased to 4.0 million and 2.7%, respectively. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by four geographic regions.
Over the 12 months ending in July, hires totaled 72.6 million and separations totaled 65.6 million, yielding a net employment gain of 7.0 million. These totals include workers who may have been hired and separated more than once during the year.
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JOB OPENINGS AND LABOR TURNOVER – JULY 2021