Marketwatch digs out another little trinket of the US jobs market within the JOLTS report. Hiring has hit the fastest pace since 2008 with 4.71m hires in April, up 6% from a year ago.
US hiring
Countering the hiring, separations ( total layoffs, quitters and discharges) remained stable around 4.5m. The ‘quits’ rate was unchanged at 1.8%. Over the 12 months to April it shows a net employment gain of 2.2 million. That gives an average gain of 183k per month.
It’s another little piece of the pie that shows that the US jobs market is improving steadily. With fears over that part subsiding the issue will turn to whether the job gains will transform into wage growth thus brining inflationary pressures with it.
The additional data from the JOLTS report can be found here
