Recent Updates
- US: New Residential Sales, Personal Income (Oct), Consumer Sentiment (Oct-final), GDP & Corporate Profits (Q3-2nd), Advance Durable Goods, Adv Trade & Inventories, Final Bldg Permits (Oct)
- Luxembourg: International Trade (Sep)
- Azerbaijan: Un\Employment (Q3)
- more updates...
Economy in Brief
U.S. Goods Trade Deficit Deepens During October
The advance estimate of the U.S. trade deficit in goods deepened to $80.29 billion during October...
U.S. Initial Jobless Claims Rise for a Second Week
Initial claims for regular state unemployment insurance rose again this past week ending November 21 to 778,000...
U.S. Mortgage Applications Rebound
The MBA Mortgage Loan Applications Index rebounded in the week ended November 20, rising 3.9% w/w...
Japan's Employment Makes Partial Recovery
With a third wave of infection coursing its way through Japan's economy, the labor market continues to make some progress...
U.S. Consumer Confidence Falls Sharply in November, Disappointing Expectations
The Conference Board's consumer confidence survey indicated widespread deterioration during November...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller May 11, 2005
The Job Openings & Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics indicated that the job openings rate held firm at 2.6% versus an upwardly revised level in February. The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job openings. The total number of job openings was about stable m/m but up 14.9% y/y.
The March hires rate continued the trend of improvement and rose to 3.7%. The hires rate is the number of hires during the month divided by employment.
Job separations rose and reversed most of the decline during the prior two months. The separation rate rose to 3.3%. Total separations include quits, layoffs, discharges, and other separations as well as retirements. The total separations, or turnover, rate is the total number of separations during the month divided by employment.
The survey dates only to December 2000 but has since followed the movement in nonfarm payrolls.
A description of the Jolts survey and the latest release from the U.S. Department of Labor is available here.
| JOLTS (Job Openings & Labor Turnover Survey) | Mar | Feb | Mar '04 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Job Openings Rate: Total | 2.6% | 2.6% | 2.3% | 2.4% | 2.1% | 2.2% |
| Hires Rate: Total | 3.7% | 3.6% | 3.7% | 3.4% | 3.2% | 3.2% |
