Job openings increase
Private job 鈥渙penings鈥� increased 8.79 percent since November, climbing 20.36 percent above the level seen in December 2010.
This chart shows the monthly and annual change in private sector job openings since 2004. The number of openings has been recovering steadily since plummeting in 2009.
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Today, the Bureau of Labor Statistics released theirof job availability and labor turnover (JOLT) showing that private non-farm job 鈥渙penings鈥� increased 8.79% since November climbing 20.36% above the level seen in December 2010 while private non-farm job 鈥渉ires鈥� declined 2.28% from November but rose 3.69% above the level seen in December 2010.
Job 鈥渓ayoffs and discharges鈥� declined 4.74% from November falling 1.36% below the level seen last year while quitting activity declined 2.45% from November remaining 3.41% above the level seen in December 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).