US Job Openings for April 11.400M Down From 11.855M in March

The JOLTS survey showed Job openings in the U.S. fell to 11.4 million in April. Layoffs and discharges also fell to a series low 1.2 million, while hires and total separations changed little at 6.6 million and 6.0 million, respectively. JOLTS is the Job Openings and Labor Turnover Survey published by the BLS. The largest decreases were in healthcare and social assistance (-266K), the largest increases were in transportation, warehousing, and utilities (+97K). The BLS reports the May Jobs Report Friday.

Working

Over the 12 months ending in April, hires totaled 78.0 million and separations totaled 71.6 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.

JOB OPENINGS AND LABOR TURNOVER – APRIL 2022

JOLTS April 2022 Highlights

  • JOLTS US job openings for April 11.400M vs. 11.400M expected
  • Last month 11.855M revised from 11.549M
  • The largest decreases were in healthcare and social assistance (-266K) , retail trade (-162K), accommodations and food services, (-113K)
  • the largest increases were in transportation, warehousing, and utilities (+97K), nondurable goods manufacturing (+0.67K) and durable goods manufacturing (+53K)
  • The hires rate was little changed at 6.6 million. The hires rate was unchanged at 4.4%.
  • Hires increased in real estate and rental and leasing (+21K)
  • Total separations including quips, layoffs, and discharges and other separations were little change at 6.0 million at a rate of 4.0%.
  • Total separations increase in real estate and rental and leasing (+37K)
  • Quits was little change of 4.4 million or 2.9%. Quits are generally considered as voluntary separations initiated by the employee. As a result the quit rate can serve as a measure of working’s willingness or ability to leave jobs and find another job.
  • Layoffs and discharges, which are considered involuntary, edge down to a series low of 1.2 million.
  • Over a 12 month, the hires totaled 78 million and separations totaled 71.6 million yielding and that employment gain of 6.4 million

Source: TradersCommunity Data, BLS

From The TradersCommunity News Desk