BLS: Job Openings "Fell" to 6.4 Million in December

Notes: In December there were 6.423 million job openings, and,
according to the December Employment report, there were 5.753
million unemployed. So, for the twenty-second consecutive month,
there were more job openings than people unemployed. Also note that
the number of job openings has exceeded the number of hires since
January 2015 (almost 5 years).

From the BLS: Job Openings and
Labor Turnover Summary

The number of job openings fell to 6.4 million
(-364,000) on the last business day of December
, the U.S.
Bureau of Labor Statistics reported today. Over the month, hires
and separations were little changed at 5.9 million and 5.7 million,
respectively. Within separations, the quits rate and layoffs and
discharges rate were unchanged at 2.3 percent and 1.2 percent
respectively. …

The number of quits was little changed in December at 3.5
million
and the rate was unchanged at 2.3 percent. Quits
decreased in retail trade (-111,000) and arts, entertainment, and
recreation (-20,000).
emphasis added

The following graph shows job openings (yellow line), hires (dark
blue), Layoff, Discharges and other (red column), and Quits (light
blue column) from the JOLTS.

This series started in December 2000.

Note: The difference between JOLTS hires and separations is similar
to the CES (payroll survey) net jobs headline numbers. This
report is for December, the most recent employment report was for
January.

Job Openings and Labor Turnover Survey Click on graph for larger image.

Note that hires (dark blue) and total separations (red and light
blue columns stacked) are pretty close each month. This is a
measure of labor market turnover.  When the blue line is above the
two stacked columns, the economy is adding net jobs – when it is
below the columns, the economy is losing jobs.

Jobs openings decreased in December to 6.423 million from 6.787
million in November.

The number of job openings (yellow) are down
14% year-over-year.

Quits are up 2.9% year-over-year. These are voluntary separations.
(see light blue columns at bottom of graph for trend for
“quits”).

Job openings are at a solid level, but have been declining – and
are down 14% year-over-year.  Quits are still increasing
year-over-year.
Source: FS – All – Real Estate News 2
BLS: Job Openings "Fell" to 6.4 Million in December