Latest #JOLTS data out this morning continues to show labor market strength. Job openings ticked up slightly in October and has normalized considerably over the last two and a half years since its peak in March 2022.
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The labor market continues strong with little changed in today's #JOLTS report. In fact, "little changed" or "changed little" mentioned 13 times in this morning's report. After rising in September, the hires rate ticked down in October as the quits rate ticked up and layoffs stayed low.
Even with the slight softening in hires and the uptick in quits in the latest #NumbersDay data for October, hires remain greater than quits in all sectors of the economy. #EconSky
That's a great question. The size of each circle roughly represents wage levels. Workers in the accommodation and food services sector have lower wages on average and thus their circle is smaller than other industries. Of course, there is greater variation of wages within rather than across sectors.
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