Highlights of the July US job openings and labor turnover survey
- Prior was 9.209M
- Quits 3869K vs 3604K last month. Quit rate at 2.7% vs 2.5% prior
- Separations 5584K vs 5318K prior
- Layoffs and discharges 1310K vs 1386K prior
Eyes are on the quits rate as an indicator of labor mobility and wage seeking. On the overall headline, the rise above 10m is the first ever and highlights the struggle companies are having to fill jobs.
Separately, the employment trends report was at 109.8, which is unchanged from previously.