The number of vacancies fell in June, but remains much higher than before the pandemic
Below, EPI Senior Economist Elise Gould offers her initial findings on today’s June Jobs and Turnover Survey (JOLTS). Read the full Twitter thread here.
Small correction. The number of vacancies has been decreasing every month since the March maximum. This is three consecutive months of decline. I apologize for the mistake in counting the months, it’s August now, but the data is for June.
— Eliza Gould (@eliselgould) August 2, 2022
Hiring continues to outpace layoffs in every major sector as workers seek and find new jobs. Churn remains highest in the low-income housing and catering segment. The rise in wages in this sector suggests that workers are finding better jobs after being laid off. pic.twitter.com/JbNQv4Dub0
— Eliza Gould (@eliselgould) August 2, 2022
The hiring rate in the accommodation and catering services sector rose for two consecutive months, although the layoff rate remains the highest in all sectors. Every month, workers continue to leave their jobs and find new and probably better opportunities in accommodation and food services. pic.twitter.com/ShdZXoPK3T
— Eliza Gould (@eliselgould) August 2, 2022
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