Job Openings and Labor Turnover Survey (JOLTS) published by the Labor
Department on Tuesday revealed a 12.0 percent m-o-m jump in the U.S. job
openings in April after a revised 10.1 percent m-o-m climb in March (originally
a 7.9 percent m-o-m surge).
According to the report, employers posted 9.286 million job openings in April compared to the March figure of 8.288 million (revised from 8.123 million in the original estimate) and economists’ expectations of 8.300 million. This was the highest reading since the series began in December 2000. The job openings rate was 6.0 percent in April, up from a revised 5.4 percent in the prior month (originally 5.3 percent). The report showed that the number of job openings rose in a number of industries with the largest gains in accommodation and food services (+349,000), other services (+115,000), and durable goods manufacturing (+78,000), which, however, were partly offset by declines in educational services (-23,000) and in mining and logging (-8,000).
Meanwhile, the number of hires increased 1.1 percent m-o-m to 6.075 million in April from a revised 6.006 million in March (originally 6.009 million). The hiring rate was 4.2 percent in April, unchanged from the prior month. Hires went up in accommodation and food services (+232,000) and in federal government (+10,000), but fell in construction (-107,000), durable goods manufacturing (-37,000), and educational services (-32,000).
The separation rate in April was 5.760 million or 4.0 percent, compared to 5.436 million or 3.8 percent in March. Within separations, the quits rate was 2.7 percent (+0.2 p.p. m-o-m), and the layoffs rate was 1.0 percent (-0.1 p.p. m-o-m).
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2021 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.