- by New Deal democrat
This morning’s JOLTS report covers August, which you may recall featured a disappointing jobs report (since revised somewhat higher ), during which the Delta wave was growing to its worst levels, and two months after a number of GOP-controlled States terminated enhanced unemployment benefits, on the theory that they were excessive and were coddling idle workers. Despite this, last month we did not see a big drop in unfilled job openings. This month we did - but we saw a big decline in actual hires, too.
Job openings decreased 659,000 to 10.349 million (blue in the graph below), while actual hiring (red) also decreased 439,000 to 6.322 million:
Here are the month over month percentage changes for each of those metrics: