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Job Turnover Was Little Changed During Hurricane Season

The number of job openings was little changed at 6.1 million on the last business…

  • November 23, 2017

The number of job openings was little changed at 6.1 million on the last business day of September, according to the latest report from the government’s Bureau of Labor Statistics. This was the month in which the effects of hurricane season on the economy were most strongly felt.

Over the month, hires and separations were also little changed at 5.3 million and 5.2 million, respectively.

Within separations, the quits rate and the layoffs and discharges rate were little changed at 2.2 percent and 1.2 percent, respectively.

Job Openings

On the last business day of September, there were 6.1 million job openings, little changed from August.

Job openings have been at or near record high levels since June.

The job openings rate was 4.0 percent in September. The number of job openings was little changed for total private and for government.

Job openings increased in professional and business services (+156,000), other services (+52,000), state and local government education (+36,000), and federal government (+15,000). Job openings decreased in accommodation and food services (-111,000) and information (-28,000).

As we now know from successive jobs reports, the hurricanes did impact actual hiring during September, but things bounced back strongly in October. These are all signs of a pretty strong economy.

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