Job Openings and Labor Turnover Survey for April shows an economic recovery gaining steam
Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Jobs and Labor Turnover Survey (JOLTS) for April. Read the full Twitter thread here.
Job openings increased most in accommodations and food services (+349,000) and hiring also increased in accommodation and food services (+232,000) a good indication that supply of workers was beginning to respond to demand in April.
2/— Elise Gould (@eliselgould) June 8, 2021
Today’s JOLTS report also finds a series high quits rate of 2.7% while layoffs are now a series low of 1.0%. High quits mean workers feel comfortable leaving their jobs in search of better matches. Low layoffs are an obvious good. The economic recovery is gaining momentum.
4/ pic.twitter.com/4WzBYwOJdg— Elise Gould (@eliselgould) June 8, 2021
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