US job openings fall in November; layoffs rise amid Covid-19 pandemic business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Separations, which include layoffs and quits, rose by 271,000 to 5.41 million, the highest since April. The number of quits were little changed at 3.16 million, still the highest since February. The quits rate held at 2.2%, and the rate of layoffs and discharges rose.
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future job growth, and the predictive elements show that the year-over-year growth rate of
unadjusted private non-farm job openings year-over-year rate of growth improved but remains in contraction.
Analyst Opinion of JOLTS Data
The unadjusted data this month remained well below average for the rate of growth seen before the beginning of 2019. However, the pandemic effects will drive this data, and forecasts using this data are simply guesses.
Market expectations from Econoday were (consensus -) with actual at
6.527 M
The graphs below use the year-over-year growth of JOLTS Job Openings - both the level of openings and rate of openings.
We're going to be watching less news and digital media and getting out more in the coming years, says our call of the day. It's time to ditch those stocks.