RE and economic charts: BLS: Low Labor Turnover in May = Job openings drop in May as hiring stays weak

Wednesday, July 14, 2010

BLS: Low Labor Turnover in May = Job openings drop in May as hiring stays weak

[mEDITate-OR:

get JOLTed back into reality... by JOLTS...

Once again, while we do get interesting economic articles from both the AP and Economix on the NYTs, it is left to U.S. to find the best charts on Calculated Risk.

If you looked at only the top two lines you would think that hires went way up and separations stayed about the same.

However, when you look at the bottom two lines, you, too, will see that job opening declined, while layoffs & discharges went up.

What another blogger point out to U.S. is that while everyone talks about there being only a few thousand new jobs created, what REALLY is going on, out there amongst U.S., is that there are millions of hires & layoffs & job openings every year = Turnover = JOLTS

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