Job openings trended up to 6.9 million in January, according to the latest U.S. Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover Summary (JOLTS) report.
The JOLTS report provides insights into the number of job openings, hires, quits, and layoffs, offering a detailed snapshot of labor demand in the U.S. The report falls a month behind the jobs report.
U.S. Employers Report 6.9 Million Job Openings in January
The overall number of job openings rose from 6.6 million to 6.9 million in January, according to the BLS.
Job openings spiked in some industries including:
- Manufacturing (+69,000)
- Finance and insurance (+184,000)
- Retail trade (+130,000)
- State and local government (+25,000)
Industries reporting a decline in job openings in the first month of the year included:
- Professional and business services (-190,000)
- Construction (-14,000)
- Real estate and rental leasing (-15,000)
Hiring Rate Remains Flat in January
The number of hires was flat at 5.3 million in January, according to the latest JOLTS report. Hiring activity is also flat year-over-year.
The industries that increased hiring in January included:
- Manufacturing (+13,000)
- Accommodation and food services (+27,000)
- Construction (+23,000)
Industries that reported fewer hires in the month of January included:
- Transportation, warehousing, and utilities (-67,000)
- Finance and insurance (-23,000)
- Real estate and rental and leasing (-20,000)
Total separations, which include quits, layoffs, discharges, and other separations fell slightly by 98,000 in January.
Quits, often regarded as a measure to watch in order to better understand employee confidence, fell by 88,000 in January.
Meanwhile, layoffs also fell slightly by 35,000 in January.
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Source: BLS






