Job openings are holding steady in November, at 5.431 million vs a revised 5.349 million in October. Openings peaked back in July at 5.668 million and have since flattened. Hirings, though solid at 5.197 million, have also flattened as have other readings including the quits rate which is unchanged at 2.0 percent. Limited movement in the quits rate points to limited upward mobility for the workforce. This report is edging higher but doesn’t show the outright strength that last week’s payroll data did.
JOLTS – November 2015
About the Author: Bryan Sanford
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.