JOLTS job openings remains near all time highs
- JOLTs job openings 11.266M vs 11.000M estimate
- Prior month 11.263M revised to 11.283M. Last month was a record level.
- Quits 2.9% vs 2.8% last. Quits were little changed at 4.4 million. Quits increased and retail trade +74K and durable goods manufacturing +22K and state and local government education +14K. There were declines in finance insurance -30K
- Hires edged up to 6.7 million
- separations were little change that 6.1 million
- layoffs and discharges rate was unchanged at 0.9%. The total number of layoffs and discharges or is little changed at 1.4 million
Within the report for job openings:
- finance insurance -63K
- nondurable goods manufacturing -39K
- arts and entertainment and recreation +32K
- educational services +26 K
- Federal Government +23K
Over the 12 months ending in February 2022, hires totaled 77.0 million and separations totaled 70.6 million yielding a net employment gain of 6.4 million. These totals include workers who may have been hired and separated more than once during the year.
For the full report from the Federal Reserve, CLICK HERE
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