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JOLTS Jobs Jamboree!! Most Job Openings in a Year, 2.3% Quit Rate Shows Strong Confidence in Economy

May 07, 2019

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

 

  • The March JOLTS Report showed 7.49 million jobs are waiting to be filled, a rise of 346,000 (JOLTS data lags other Labor Dept data by a month)
  • The demand for workers remains extremely strong with a tight labor market in most of the United States
  • The Quit Rate stood at 2.3%, the highest level seen in the present economic expansion

 

US Dept of Labor JOLTS Quit Rate

quit rate

  • In March 3.41 million Americans quit their jobs, a clear sign of confidence in prospects of finding new employment
  • The strong economy is generating new employment faster than the jobs can be filled, in March there were 1.28 million more vacancies than there were jobless Americans
  • Employment gains were led by transportation, warehousing, construction and utilities; manufacturing and real estate were little changed
  • The unemployment rate was reported last week, it fell to a 49-year low of 3.6%

 

 

 

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