JOLTS job openings come in less than expectations
The JOLTS job openings for the month of September came in at 6436 vs 6500 estimate.
- Prior month was revised to 6352 vs 6493 previously
- job opening rate 4.3% vs. 4.3% prior
- September pace of hirings 4.1% vs. 4.2% previously
- 3.018M people quit a job in September. Quit rate 2.1%
- separations came in at 3.3% vs. 3.3% in August
- layoffs and discharges at 0.9% in September vs. 1.1% in August. 1,333,000 people were fired or laid off in September vs. 1,962,000 in September last year
- an additional 314,000 people left their employer due to retirements, transfers to other locations, death, and separations due to disability
