SOURCE: ZERO HEDGE
URL:
https://www.zerohedge.com/news/2018-03-16/job-opening-soar-645000-all-time-high-63-million
Two months after the number of US job openings reported by the JOLTS dropped to a six month low amid a slowdown in hiring and quitting, all it took was one comprehensive data revision to set the seasonally-adjusted, statistically inferred US labor market back on track, and according to the latest JOLTS report, in January,
the number of job openings soared from a downward revised 5.667 million to 6.312 million, a 645,000 increase, the second biggest monthly jump on record.
The job openings level increased for total private (+608,000) and edged up for government. The job openings rate increased to 4.1 percent in January. The number of job openings increased in professional and business services (+215,000), transportation, warehousing, and utilities (+113,000) construction (+101,000), and several other industries. The number of job openings increased in the South, Midwest, and West regions.
It wasn't just job openings that jumped: total hires rose as well, increasing from a revised 5.524 million in December to 5.583 million in January, the second highest on record after October's 5.609 million. While the number of hires was little changed for total private, it rose for federal government (+10,000).
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