- by New Deal democrat
This morning’s JOLTS report for May was the best we have seen since the immediate rebound from the pandemic lockdowns. There was yet another record level continued all of unfilled job openings, yet another new record low in layoffs and discharges, an enhanced number of people quitting their jobs, and finally - for the first time this year - a huge number of new hires, setting a new m/m record high outside of the immediate lockdown rebound last year.
Here are the month over month percentage changes for each of those metrics:
As noted above, headline job openings (blue), which have been making new all-time records for month, were finally joined by a nearly 700,000 gain in actual hires (gold):