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Job Openings and Labor Turnover Survey: Hires and separations were little changed as quits declined
Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for January. Read the full Twitter thread here.
The hires rate remains higher than the quits rate in every major industry. This indicates that when workers quit, they are taking other jobs-likely in the same sector-not dropping out of the labor force altogether. pic.twitter.com/PUUpL6fVv9
— Elise Gould (@eliselgould) March 9, 2022
The labor market continues to hold fairly strong and steady according to the latest #JOLTS data for January 2022. Hires unchanged, while quits ticked down and layoffs nudged up slightly. pic.twitter.com/J801hF7NZn
— Elise Gould (@eliselgould) March 9, 2022
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