Pubblicato in: Banche Centrali, Devoluzione socialismo, Stati Uniti

Usa. Agosto21. Rapporto Jolt. – U.S. Bureau of Labor Statistics.

Giuseppe Sandro Mela.

2021-10-14.

2021-10-14__ Jolt 001

«What is JOLTS?

The Job Openings and Labor Turnover Survey (JOLTS) is conducted by the Bureau of Labor Statistics of the U.S. Department of Labor. The program involves the monthly collection, processing, and dissemination of job openings and labor turnover data. The data, collected from sampled establishments on a voluntary basis, include employment, job openings, hires, quits, layoffs and discharges, and other separations.

The number of unfilled jobs—used to calculate the job openings rate—is an important measure of the unmet demand for labor. With that statistic, it is possible to paint a more complete picture of the U.S. labor market than by looking solely at the unemployment rate, a measure of the excess supply of labor.

Information on labor turnover is valuable in the proper analysis and interpretation of labor market developments and as a complement to the unemployment rate.» [U.S. Bureau of Labor Statistics]

Attenzione!. Mentre il numero dei disoccupati, degli impiegati o dei riceventi sussidi sono macrodati statici, relativi al momento del rilevamento, i dati Jolt ne esaminano la struttura dinamica.

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«The number of job openings declined to 10.4 million on the last business day of August following a series high in July»

«Hires decreased to 6.3 million while total separations were little changed at 6.0 million»

«On the last business day of August, the number and rate of job openings decreased to 10.4 million (-659,000) and 6.6 percent, respectively»

«Job openings increased in federal government (+22,000). The number of job openings decreased in the Northeast and Midwest regions»

«In August, the number and rate of hires decreased to 6.3 million (-439,000) and 4.3 percent, respectively»

«Total separations includes quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee»

«In August, the number and rate of total separations were little changed at 6.0 million and 4.1 percent, respectively»

«The number of quits increased in August to 4.3 million (+242,000)»

«The number of quits increased in August to 4.3 million (+242,000). The quits rate increased to a series high of 2.9 percent»

«Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations»

«Over the 12 months ending in August 2021, hires totaled 72.6 million and separations totaled 66.7 million, yielding a net employment gain of 5.9 million»

«In August, the job openings rate decreased in medium establishments with 50-249 employees. The hires rate decreased in large establishments with 250-999 employees»

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I posti vacanti sono 10.4 milioni.

Il tasso di abbandono, o il numero di abbandoni nel mese come percentuale dell’occupazione totale, è aumentato fino a un record del 2,9%.

Il livello ancora elevato di aperture indica una persistente discrepanza tra l’offerta e la domanda di lavoro nell’economia: La partecipazione della forza lavoro rimane depressa.

La partecipazione alla forza lavoro è rimasta ostinatamente bassa intorno allo stesso livello per mesi. Infatti, la partecipazione è diminuita a settembre perché meno persone hanno cercato lavoro.

Per ogni americano disoccupato in agosto, c’erano 1,2 posti scoperti.

Il totale delle assunzioni è sceso in agosto a 6,3 milioni.

Le cifre del JOLTS seguono i dati mensili del governo sui posti di lavoro, nonfarm payrolls. Quel rapporto, uscito la scorsa settimana, ha mostrato che le buste paga sono aumentate solo di 194.000 unità a settembre.

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Il sistema produttivo americano è bloccato, pur mostrando una sua propria dinamica interna.

Non stupisce che in questo periodo di stagflazione la produzione abbia 10.4 milioni di posti vacanti contro una cifra ancor più superiore di persone che percepiscono benefici pubblici.

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U.S. Bureau of Labor Statistics. Agust21.  Job Openings and Labor Turnover Survey News Release.

The number of job openings declined to 10.4 million on the last business day of August following a series high in July, the U.S. Bureau of Labor Statistics reported today. Hires decreased to 6.3 million while total separations were little changed at 6.0 million. Within separations, the quits rate increased to a series high of 2.9 percent while the layoffs and discharges rate was little changed at 0.9 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, by four geographic regions, and by establishment size class.

                         Job Openings

On the last business day of August, the number and rate of job openings decreased to 10.4 million (-659,000) and 6.6 percent, respectively. Job openings decreased 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). Job openings increased in federal government (+22,000). The number of job openings decreased in the Northeast and Midwest regions. (See table 1.)

                         Hires

In August, the number and rate of hires decreased to 6.3 million (-439,000) and 4.3 percent, respectively. Hires decreased in accommodation and food services (-240,000) and in state and local government education (-160,000). The number of hires decreased in the Midwest region. (See table 2.)

                         Separations

Total separations includes quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm.

In August, the number and rate of total separations were little changed at 6.0 million and 4.1 percent, respectively. The total separations level increased in accommodation and food services (+203,000) and in state and local government education (+57,000). The total separations level decreased in other services (-68,000) and in state and local government, excluding education (-26,000). Total separations were little changed in all four regions. (See table 3.)

The number of quits increased in August to 4.3 million (+242,000). The quits rate increased to a series high of 2.9 percent. Quits increased in accommodation and food services (+157,000); wholesale trade (+26,000); and state and local government education (+25,000). Quits decreased in real estate and rental and leasing (-23,000). The number of quits increased in the South and Midwest regions. (See table 4.)

In August, the number and rate of layoffs and discharges were little changed at 1.3 million and 0.9 percent, respectively. Layoffs and discharges decreased in other services (-61,000) and in state and local government, excluding education (-22,000). Layoffs and discharges increased in state and local government education (+19,000). Layoffs and discharges were little changed in all four regions. (See table 5.)

The number of other separations edged up in August to 390,000 (+49,000). Other separations increased in several industries with the largest increases in state and local government education (+13,000); information (+11,000); and durable goods manufacturing (+8,000). The other separations level increased in the West region. (See table 6.)

                         Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising.

Over the 12 months ending in August 2021, hires totaled 72.6 million and separations totaled 66.7

million, yielding a net employment gain of 5.9 million. These totals include workers who may have been hired and separated more than once during the year.

                         Establishment Size Class

In August, the job openings rate decreased in medium establishments with 50-249 employees. The hires rate decreased in large establishments with 250-999 employees. The layoffs and discharges rate decreased in medium establishments with 50-249 employees. The other separations rate decreased in large establishments with 1,000-4,999 employees. For a more in-depth description of the JOLTS establishment size class estimates, please visit

http://www.bls.gov/jlt/sizeclassmethodology.htm.

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U.S. Job Openings Decreased in August for First Time This Year.

– Vacancies ease to 10.4 million from record 11.1 million

– Quits rate increases to record 2.9%, underscoring churn

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U.S. job openings declined in August for the first time this year — though remained near a record high — as demand for labor wavered slightly amid rising Covid-19 cases during the month.  

The number of available positions eased to 10.4 million from an upwardly revised 11.1 million in July, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The median projection in a Bloomberg survey of economists was for 11 million openings.

Meantime, more people voluntarily left their jobs, underscoring how wage increases, sign-on incentives and a plethora of job vacancies are fueling significant turnover. The quits rate, or the number of quits in the month as a percent of total employment, increased to a record 2.9%.

Despite the pullback in job vacancies, the still-elevated level of openings points to a persistent mismatch between labor supply and demand in the economy. Businesses ranging from manufacturers to restaurants are desperate for workers, but workforce participation remains depressed amid ongoing virus fears, choppy school reopenings and built-up savings accounts.

The abatement of these factors in the coming months should support hiring, but the timing of when this will occur is unclear. New Covid-19 cases are now falling, but labor force participation has remained stubbornly low around the same level for months. In fact, participation declined in September as fewer people looked for work. 

For every unemployed American in August, there were 1.2 openings. Vacancies declined in health care, accommodation and food services, and state and local education.

Total hires fell in August to 6.3 million, reflecting declines in accommodation and food services as well as education. The hires rate decreased to 4.3%. Layoffs and discharges decreased.

The JOLTS figures trail the government’s monthly jobs data. That report, out last week, showed payrolls trailed economists’ forecasts for a second month, rising just 194,000 in September. That was the smallest gain of the year. A new wave of Covid-19 infections in recent months paired with ongoing hiring challenges have weighed on job growth, particularly in sectors like leisure and hospitality.

Separate figures showed a record share of small-businesses owners — 51% — said they had vacant positions they could not fill in September, according to data from the National Federation of Independent Business. A record 42% of small firms said they raised compensation, and nearly a third indicated they plan to do so in the next three months.

Consumers have taken notice. In the Conference Board’s September survey, a record share of consumers said jobs were “plentiful.”