Job openings in the U.S. rose in September, while the rate of layoffs hit a record low.
The U.S. had 5.486 million job openings in September, a modest increase from the 5.443 million reported for August but lower than the 5.831 from July, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover, or JOLTS, report.
The share of layoffs and discharges as a percentage of total employment fell to 1.1 percent, the lowest level going back to at least 2001, reports Business Insider. Layoffs decreased in health care, arts and entertainment, government, and mining and logging, according to The Wall Street Journal. The quits rate, a measure of how often people are leaving their jobs, remained unchanged at 2.1 percent.
The JOLTS report is the government’s second best measurement on the job market outside of its monthly jobs report, which showed the economy added 161,000 jobs in October.
Want more from Talent Economy, sign up here for newsletters, exclusives and more!
- 5 Forces Shaping the Future of HR
- Why ‘Leaders Eat Last’
- Congratulations to the 2020 LIP Award winners!
- 5 things to stop expecting from a mentor
- Politics, values and the election in the workplace
- New benchmarking tool for higher ed seeks to address workplace soft skills gap
- Who leads your DEI function, and how do you support them from an organizational perspective?