Job Openings and Labor Turnover Survey continues to show labor market strength
Below, EPI senior economist Elise Gould offers her insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for October. Read the full thread here.
Latest #JOLTS data out this morning continues to show labor market strength. Job openings ticked up slightly in October and has normalized considerably over the last two and a half years since its peak in March 2022.
— Elise Gould (@elisegould.bsky.social) December 3, 2024 at 9:33 AM
The labor market continues strong with little changed in today’s #JOLTS report. In fact, “little changed” or “changed little” mentioned 13 times in this morning’s report. After rising in September, the hires rate ticked down in October as the quits rate ticked up and layoffs stayed low.
— Elise Gould (@elisegould.bsky.social) December 3, 2024 at 9:43 AM
Even with the slight softening in hires and the uptick in quits in the latest #NumbersDay data for October, hires remain greater than quits in all sectors of the economy. #EconSky
— Elise Gould (@elisegould.bsky.social) December 3, 2024 at 9:55 AM
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