Sunday, December 10, 2023
FameLIV
No Result
View All Result
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel
No Result
View All Result
FameLIV
No Result
View All Result
Home Economy

Private-Sector Job Openings Rose in October While Quits Eased; Both Remain Very High – AIER

by FameLIV
December 9, 2021
in Economy
Reading Time: 7 mins read
0 0
A A
0
Private-Sector Job Openings Rose in October While Quits Eased; Both Remain Very High – AIER
Share on FacebookShare on Twitter


The most recent Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics reveals the whole variety of job openings within the financial system rose to 11.033 million in October, up from 10.602 million in September. The variety of open positions within the personal sector elevated to 10.118 million in October, a brand new document excessive, up from 9.614 million in September (see first chart).

The entire job openings fee, openings divided by the sum of jobs plus openings, rose to six.9 p.c in October from 6.7 p.c in September whereas the private-sector job-openings fee surged to 7.4 p.c, additionally a brand new document excessive, from 7.1 p.c.

4 trade classes have greater than 1.5 million openings every: schooling and well being care (1.999 million), commerce, transportation, and utilities (1.996 million), skilled and enterprise providers (1.819 million), and leisure and hospitality (1.781 million).

The very best openings charges had been in leisure and hospitality (10.3 p.c), skilled and enterprise providers (7.9 p.c), schooling and well being care (7.8 p.c), manufacturing (7.4 p.c), commerce, and transportation, and utilities (6.7 p.c; see second chart).

The variety of private-sector quits was 3.952 million, down from a document excessive 4.166 million in September. Commerce, transportation, and utilities led with 907,000 quits adopted by leisure and hospitality with 887,000 quits, {and professional} and enterprise providers with 740,000.

The entire quits fee fell to 2.8 p.c from 3.0 p.c within the prior month whereas the private-sector quits fee dropped to three.1 p.c versus 3.3 p.c; each are near document highs (see third chart).

The quits charges among the many private-sector trade teams remains to be dominated by leisure and hospitality with a fee of 5.7 p.c, nicely forward of the quantity two, skilled and enterprise providers, with a 3.5 p.c fee, and quantity three, commerce transportation, and utilities, with a 3.3 p.c quits fee (see fourth chart).

From the employee perspective, labor market circumstances remained very favorable in October. The variety of openings per job seeker (unemployed plus these not within the labor drive however who need a job) rose once more, to 0.857 in October from 0.781 in September. Previous to the recession, the excessive was 0.721 in October 2019 (see fifth chart).

Immediately’s job openings knowledge recommend a really tight labor market. A big variety of former labor market contributors stay on the sidelines (each the dimensions of the labor drive and the participation fee stay beneath pre-pandemic ranges), sustaining the tight labor market. The outlook for the financial system is for continued development however problem hiring and retaining workers is more likely to lengthen ongoing supplies shortages, manufacturing constraints, and logistical and transportation bottlenecks. These points are sustaining vital upward strain on costs and signify a threat to future development. Engaging folks again to work might assist ease provide issues and cut back upward strain on costs.

Robert Hughes

Bob Hughes

Robert Hughes joined AIER in 2013 following greater than 25 years in financial and monetary markets analysis on Wall Road. Bob was previously the top of World Fairness Technique for Brown Brothers Harriman, the place he developed fairness funding technique combining top-down macro evaluation with bottom-up fundamentals.

Previous to BBH, Bob was a Senior Fairness Strategist for State Road World Markets, Senior Financial Strategist with Prudential Fairness Group and Senior Economist and Monetary Markets Analyst for Citicorp Funding Providers. Bob has a MA in economics from Fordham College and a BS in enterprise from Lehigh College.

Get notified of latest articles from Robert Hughes and AIER.





Source link

Tags: AIEREasedHighjobOctoberopeningsPrivateSectorQuitsRemainRose

Related Posts

The Morning Soup Kitchen Line In Milan
Economy

The Morning Soup Kitchen Line In Milan

December 10, 2023
US beginning internal discussions about renewing North American trade pact
Economy

US beginning internal discussions about renewing North American trade pact

December 9, 2023
Krugman’s Bag of Tricks | Mises Institute
Economy

Krugman’s Bag of Tricks | Mises Institute

December 9, 2023
Runway getting clearer, U.S. economy still not assured of soft landing
Economy

Runway getting clearer, U.S. economy still not assured of soft landing

December 9, 2023
2:00PM Water Cooler 12/8/2023 | naked capitalism
Economy

2:00PM Water Cooler 12/8/2023 | naked capitalism

December 9, 2023
The West Should Strengthen Ties with Argentina’s New President Javier Milei
Economy

The West Should Strengthen Ties with Argentina’s New President Javier Milei

December 8, 2023
  • Trending
  • Comments
  • Latest
Snopp Dogg says he’s giving up ‘smoke.’ It caught some of his fans off guard

Snopp Dogg says he’s giving up ‘smoke.’ It caught some of his fans off guard

November 19, 2023
ESG as an Artifact of Zero Interest Rate Policy

ESG as an Artifact of Zero Interest Rate Policy

November 20, 2023
This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

November 25, 2023
Bitcoin and Ethereum Lead the Charge to New Highs

Bitcoin and Ethereum Lead the Charge to New Highs

December 4, 2023
NATO focuses on underwater assets amid Russia sabotage concerns | NATO News

NATO focuses on underwater assets amid Russia sabotage concerns | NATO News

June 17, 2023
Biden Says He Plans to Appoint Mandy Cohen as C.D.C. Director

Biden Says He Plans to Appoint Mandy Cohen as C.D.C. Director

June 17, 2023
Gravitas: Mysterious pneumonia outbreak in China: Is the next killer pandemic on its way? | WION

Gravitas: Mysterious pneumonia outbreak in China: Is the next killer pandemic on its way? | WION

31
Next pandemic: Disease X is 20 times deadlier than covid-19 l WION ORIGINALS

Next pandemic: Disease X is 20 times deadlier than covid-19 l WION ORIGINALS

25
Civilian convoy sa WPS, posibleng harangin ng Chinese ships ; 40 barko, dapat may permit – PCG

Civilian convoy sa WPS, posibleng harangin ng Chinese ships ; 40 barko, dapat may permit – PCG

42
Calls for a China travel ban

Calls for a China travel ban

7
Why Global Supply Chains May Never Be the Same | WSJ Documentary

Why Global Supply Chains May Never Be the Same | WSJ Documentary

39
Canadians nearing retirement will need to make "significant" lifestyle cuts: report

Canadians nearing retirement will need to make "significant" lifestyle cuts: report

34
Google Gemini, Lego Fortnite, and everything else to try this week

Google Gemini, Lego Fortnite, and everything else to try this week

December 10, 2023
Putin’s ‘secret lover’ Alina Kabaeva looks sombre as she reappears in public after six weeks amid ‘house arrest’ rumours

Putin’s ‘secret lover’ Alina Kabaeva looks sombre as she reappears in public after six weeks amid ‘house arrest’ rumours

December 10, 2023
Liz Magill’s Resignation Sparks Celebrations, Outrage

Liz Magill’s Resignation Sparks Celebrations, Outrage

December 10, 2023
How to watch today’s Minnesota Vikings vs. Las Vegas Raiders NFL game: Livestream options, kickoff time, more

How to watch today’s Minnesota Vikings vs. Las Vegas Raiders NFL game: Livestream options, kickoff time, more

December 10, 2023
Arsenal v Chelsea: Women’s Super League – live | Women’s Super League

Arsenal v Chelsea: Women’s Super League – live | Women’s Super League

December 10, 2023
Elizabeth Ho Shares Her Favorite Linzer Cookie Recipe

Elizabeth Ho Shares Her Favorite Linzer Cookie Recipe

December 10, 2023
Famenet
FameLIV

Get the latest news and follow the coverage of latest general updates, politics, financial updates, sports and more from the top trusted sources.

CATEGORIES

  • Business
  • Crypto
  • Economy
  • Featured
  • Health
  • Lifestyle
  • Markets
  • Politics
  • Sports
  • Tech
  • Travel
  • Video
  • World

LATEST UPDATES

  • Google Gemini, Lego Fortnite, and everything else to try this week
  • Putin’s ‘secret lover’ Alina Kabaeva looks sombre as she reappears in public after six weeks amid ‘house arrest’ rumours
  • Liz Magill’s Resignation Sparks Celebrations, Outrage
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Fame Infinity Ltd Parent Company of FameLIV.com | All Rights Reserved.
FameLIV is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel

Copyright © 2023 Fame Infinity Ltd Parent Company of FameLIV.com | All Rights Reserved.
FameLIV is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In