Job Openings and Labor Turnover Survey reflects a decline in both job openings and hires after Delta variant surge
Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for August. Read the full Twitter thread here.
The fall in job openings and hires for August is consistent with the #JobsReport for the same month and the uptick in separations (due to an increase in quits) is not surprising as covid caseloads increased about five fold between July and August. pic.twitter.com/3b0r194qFw
— Elise Gould (@eliselgould) October 12, 2021
Total separations also increased in accommodation and food services (+203,000) due primarily to an increase in quits (+157,000). The quits rate in this industry is at a new high of 6.8% as covid caseloads surged in August.
— Elise Gould (@eliselgould) October 12, 2021
As job openings and hires fell in August, the quits rate hit a new series high, surging along with the rise in covid cases and likely growing concerns about working in the continuing pandemic. pic.twitter.com/7baWmUoSTh
— Elise Gould (@eliselgould) October 12, 2021
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