RE and economic charts: BLS/JOLTS: Job Openings decline in January, Low Labor Turnover + Layoffs at All-Time Low, but Still 5 Unemployed for Every Job Opening

Friday, March 11, 2011

BLS/JOLTS: Job Openings decline in January, Low Labor Turnover + Layoffs at All-Time Low, but Still 5 Unemployed for Every Job Opening

[mEDITate-OR:
get a real JOLT..., and not know who or why they did IT to you...
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Today, we got JOLT from the BLS.
And, three very important views about what we should see.
The 1st chart & article is from Bill@CR.
The 2nd chart & article is from Ms C at Economix
The 3rd two articles and many more charts are from Sold on Top.
While each sees this from a different angle, they are trying to make sense of it for U.S.
And, while the employment numbers are bouncing all over the map, literally...
what we still see is that jobs losses from layoffs, terminations & quits
are about equal to new job hires.
Oddly, this month hires went up, but openings went down.
So, while more openings were being filled...
there were no new openings to take their place.
AND, as Ms C points out, the ratio of seekers to positions is still about 5 to one against you.
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Where is the Good News in that one?
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