- Prior month 7.774M revised to 7.762M
- JOLTs job openings 7.568 million down from 7.762 million last month
- For the year the job openings are down 877,000.
- Jobs opening rate at 4.5%
- Quits rate 2.0% versus 2.1% last month
- Vacancy rate 4.5% versus 4.7% last month (revised up from 4.6%)
Below are the detals from the BLS:
Hires (Feb):
Total hires: 5.4 million (UNCHANGED)
Hires rate: 3.4% (UNCHANGED)
No significant change across industries
Separations (Feb):
Total separations: 5.3 million (UNCHANGED)
Separations rate: 3.3% (UNCHANGED)
Increases:
State & local government education: +32,000
Federal government: +11,000 (DOGE)
Quits (Feb):
Total quits: 3.2 million (UNCHANGED MoM; -273,000 YoY)
Quits rate: 2.0% (UNCHANGED)
Increase:
State & local government education: +28,000
Layoffs & Discharges (Feb):
Total: 1.8 million (UNCHANGED)
Rate: 1.1% (UNCHANGED)
Increases:
Retail trade: +67,000
Real estate/rental/leasing: +24,000
Federal government: +18,000
Decrease:
Transportation/warehousing/utilities: -42,000
Other Separations (Feb):
Decreased by 67,000 to 275,000
Looking at the data of the JOLT, the values are hanging within the post-pandemic lows. Those lows are still above the pre-pandemic lows. Although the levels are well below the post-pandemic levels, it was thought that the demand for workers was exaggerated.
Being above the prepandemic is still showing some strength despite the ups and downs (or so it seems). .
