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  • U.S. job openings decrease 5.9 percent in August; hires decline 6.5 percent
Ekonomické zprávy
12.10.2021

U.S. job openings decrease 5.9 percent in August; hires decline 6.5 percent

The Job Openings and Labor Turnover Survey (JOLTS) published by the Labor Department on Tuesday revealed a 5.9 percent m-o-m decline in the U.S. job openings in August after a revised 9.0 percent m-o-m climb in July (originally a 7.4 percent m-o-m jump).

According to the report, employers posted 10.439 million job openings in August compared to the July series high of 11.098 million (revised from 10.934 million in the original estimate) and economists’ expectations of 10.925 million. The job openings rate was 6.6 percent in August, down from a revised 7.0 percent in the previous month (originally 6.9 percent). The report showed that the job openings fell in several industries with the largest decreases in health care and social assistance (-224,000), accommodation and food services (-178,000), and state and local government education (-124,000).

Meanwhile, the number of hires plunged 6.5 percent m-o-m to 6.322 million in August from a revised 6.761 million in July (originally 6.667 million). The hiring rate was 4.3 percent in August, down from a revised 4.6 percent in the prior month (originally 4.5 percent). Hires declined in accommodation and food services (-240,000) and in state and local government education (-160,000).

The separation rate in August was 6.003 million or 4.1 percent, compared to 5.792 million or 3.9 percent in July. Within separations, the quits rate was 2.9 percent (+0.2 p.p. m-o-m), and the layoffs rate was 0.9 percent (-0.1 p.p. m-o-m).

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