Jolt for September

The JOLTs job openings for September rose to 6.093 million from 6.090 million last month (revised from 6.082 million). The record high is 6.140 M. So the number is not far from what is the highest level.

  • September job opening rate 4% versus 4% last month
  • September pace of hiring 3.60% versus 3.6% last month
  • 3.182 M people quit a joob in September. Quit rate 2.2%.
  • Separation rate at 3.6% in September. That is unchanged from the August reading
  • layoffs and discharges at 1.2% in 2017. Also unchanged from August.
  • 1.703 M people were fired or laid off in September versus 1.516M in September last year. That is a not so good.
  • 0.355M people left their employer due to retirements, transfers to other locations, death and separations dues to disability

The steady levels, despite fallout from hurricanes Harvey and Irma, are indicative of a resilient job market.