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JOLTS – March 2016

The JOLTS report offers upbeat news on the economy with job openings jumping to 5.757 million in March from February’s upwardly revised 5.608 million, boosting the job openings rate 1 tenth to 3.9 percent. And employers may be having trouble filling the openings as the hiring rate fell 1 tenth to 3.7 percent. The quits rate is unchanged at 2.1 percent to indicate that workers are showing limited inclination to shift jobs. Similarly, employers are showing limited inclination to cut jobs as the layoffs rate fell 1 tenth to 1.2 percent. The labor market, despite economic slowing, remains the nation’s chief strength.

The number of job openings (yellow) are up 11% year-over-year compared to March 2015.

Quits are up 9% year-over-year. These are voluntary separations. (see light blue columns at bottom of graph for trend for "quits").

This is another strong report, and job openings are just below the record high set in July 2015.

By |2016-05-10T10:36:17+00:00May 10th, 2016|Categories: Lagging|Tags: |0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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