On Wednesday (11-1-23), the US Bureau of Labor Statistics (BLS) released the Job Openings and Labor Turnover Summary (JOLTS) for September. According to the JOLTS report, as of the last business day in September, the number of job openings was little changed at 9.6 million, and the rate was unchanged at 5.7%.
The number of hires held steady at 5.9 million and the rate was unchanged at 3.7%. The number of hires changed little in all industries.
The total number of separations declined to 5.5 million in September, down from 5.7 million in August. The rate also declined to 3.5%, down from 3.6% in the previous month.
The number and rate of quits edged higher to 3.7 million, up from 3.6 million in August. The rate held steady for the third consecutive month at 2.3%.
Between August and September, the number of layoffs and discharges declined from 1.7 million to 1.5 million, and the rate declined from 1.1% to 1.0%.
The number of other separations decreased from 357,000 in August to 352,000 in September.
The layoff and discharge rates for establishments with 1 to 9 employees changed little. The job openings rate decreased for establishments with 5,000 or more employees.
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