Private job openings up in September
Today, the (JOLT) showing that private non-farm job 鈥渙penings鈥� increased 6.75% since August climbing 23.01% above the level seen in September 2010 while private non-farm job 鈥渉ires鈥� increased 5.26% from August climbing 10.24% above the level seen in September 2010.
Job 鈥渓ayoffs and discharges鈥� climbed 3.47% from August climbing 7.91% above the level seen last year while quitting activity increased 2.33% from August and 12.19% above the level seen in September 2010.
It鈥檚 important to understand that job 鈥渜uits鈥� are included as a component of the 鈥渟eparations鈥� data series as 鈥渜uitting鈥� is a valid means of workers 鈥渟eparating鈥� from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).
