Hiring and job openings grew slightly in May: Analysis of JOLTS data
Below, EPI senior economist Elise Gould offers her insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for May. Read the full thread here.
Small uptick in job openings and hires for May 2024. Otherwise, not a lot changed in the JOLTS report out this morning from the Bureau of Labor Statistics (https://t.co/dXEZgZoGFw). “Changed little” or “little changed” appears 13 times in the release. pic.twitter.com/xzal5QM1xT
— Elise Gould (@eliselgould) July 2, 2024
Labor market churn continues to trend down along with the general downward trend in job openings. The quits rate is below its pre-pandemic average, a sign that workers are sitting tight. Layoffs remain low while hires are up slightly. pic.twitter.com/KUrAUVcICW
— Elise Gould (@eliselgould) July 2, 2024
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