Job Openings and Labor Turnover – March 2024 | Crypto Craft

  • Job Openings and Labor Turnover – March 2024

    From bls.gov

    The number of job openings changed little at 8.5 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires changed little at 5.5 million while the number of total separations decreased to 5.2 million. Within separations, quits (3.3 million) and layoffs and discharges (1.5 million) changed little. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job Openings On the last business day of March, the number of job openings changed ... (full story)

Added at 9:05am

Added at 9:06am
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BaatMaan
May 1, 2024 11:20am
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> The private-sector hiring rate fell to a 10-year low of 3.8% in March

> The quits rate also declined further to 2.3%, below its pre-pandemic level

It really is a terrible job market, I don't know why people here don't talk about it.
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EventsTrader
May 1, 2024 9:44am
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I see a report a little weaker than the market interpreted.


8.49 million job openings, a slight decrease compared to February 2024. This level indicates a relatively strong labor demand but shows a stabilization rather than a growth in openings.

Hires remained stable at 5.5 million, down by 455,000 over the year, suggesting a slight cooling off in hiring activities compared to the previous year.

There was a noticeable decrease in job openings in construction and finance and insurance sectors. Construction saw a decrease of 182,000, and finance and insurance dropped by 158,000. This could indicate sector-specific slowdowns or challenges.

The number of quits was stable at 3.3 million but was down by 480,000 over the year, potentially indicating less confidence or fewer opportunities for workers to move voluntarily.
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