Friday, August 12, 2022
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
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

Economy

Producer price index July 2022: Wholesale inflation fell 0.5%

August 11, 2022
Economy

Short-sellers are struggling despite a bad year for stocks

August 12, 2022
Economy

All the Joyous, Colorful, and Refreshing New Street Style Pics From Copenhagen

August 11, 2022
Economy

Monthly versus Annual Inflation Data

August 11, 2022
Economy

The Income Tax Really Is Evil

August 10, 2022
Economy

2:00PM Water Cooler 8/10/2022 | naked capitalism

August 10, 2022
  • Trending
  • Comments
  • Latest

Dallas police looking for double homicide suspect, considered armed and dangerous

August 6, 2022

Make your new phone better with 10 simple tricks

August 7, 2022

Ukraine war LIVE – Putin brutally sacks ‘at least six’ Russian commanders as his army suffers massive losses

August 7, 2022

Officer, 2 others hospitalized after being shot in Arcadia

August 11, 2022

Woman falls to her death from zipline after being pushed over in freak accident

August 8, 2022

Drunk driver crashes into house in White Settlement leaving teen dead, 2 injured

August 8, 2022

How 15 Traditional Crafts Survived For Centuries | Still Standing | Business Insider

24

Exclusive: Bill Gates Talks Divorce, Jeffrey Epstein, Elon Musk

25

Gravitas: Belarus leader's blunder reveals Putin's masterplan

22

Putin slams West’s "reckless" sanctions on Russia, blames US for global food crisis

24

Summer forecast 2022: What kind of weather can Canadians expect this season?

37

Trump received a subpoena from the Justice Department ahead of the F.B.I.’s Mar-a-Lago search.

August 11, 2022

Africa’s week in pictures: 5-11 August 2022

August 12, 2022

Zelenskiy tells officials to stop talking about Ukraine’s tactics : worldnews

August 12, 2022

US Senator Warren blasts Fed for withholding trading records | Financial Markets News

August 11, 2022

Russia-Ukraine War News: Fresh Shelling at Nuclear Plant Deepens Safety Concerns

August 11, 2022

Motorola Razr 2022 Arrives to Challenge the Galaxy Z Flip 4 – Video

August 11, 2022
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

  • Trump received a subpoena from the Justice Department ahead of the F.B.I.’s Mar-a-Lago search.
  • Africa’s week in pictures: 5-11 August 2022
  • Zelenskiy tells officials to stop talking about Ukraine’s tactics : worldnews
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 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 © 2022 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