ECON: Job Openings, Hiring, And Firing Relatively Unchanged From 2011
- Job Openings in September at 2.6 vs 2.7 in August
- Hires Down to 3.1 fro 3.3 in August
- JOLTS data is more of a strategic, longer-term consideration than an up-to-the-minute market mover. It simply adds to the broader assessment that the labor market remains relatively stagnant.
From the BLS:
"There were 3.6 million job openings on the last business day of
September, essentially unchanged from August, the U.S. Bureau of Labor
Statistics reported today. The hires rate (3.1 percent) was little
changed while the separations rate (3.0 percent) declined in
September. This release includes estimates of the number and rate of
job openings, hires, and separations for the nonfarm sector by
industry and by geographic region.
In September, the hires rate was little changed at 3.1 percent. The
hires rate was also little changed in all industries except state and
local government, where it declined. The Midwest region experienced a
decline in hires for September. The number of hires in
September was 4.2 million, up from 3.7 million at the end of the
recession in June 2009."