dWeb.News: May Job Openings and Labor Turnover Survey shows job openings held steady and quits dropped

May Job Openings and Labor Turnover Survey shows job openings held steady and quits dropped Author: Daniel Webster Below, EPI senior economist Elise Gould offers her initial insights on today's release of the Jobs and Labor Turnover Survey (JOLTS) for May. Read the full Twitter thread here. The layoffs rate continued to trend downwards while the hires rate softened and the quits rate fell. It's clear the monthly data exhibits some volatility, but the labor market over the last few months continues to move in the right direction. 2/n pic.twitter.com/NBeut1IAIp — Elise Gould (@eliselgould) July 7, 2021 https://platform.twitter.com/widgets.js Using the last three months of data by sector to smooth data volatility, it's clear that there are still many sectors with far more unemployment workers than job openings. To be clear, these comparisons only include those who are in the official measure of unemployment. 4/n pic.twitter.com/yHZfUaH83f — Elise Gould (@eliselgould) July 7, 2021 https://platform.twitter.com/widgets.js Today's #JOLTS data are for May. What we know from the latest jobs report is that the labor market continued to pick up steam in June. Subsequent reports will show that this less optimistic report was a temporary blip on the way to a stronger economy.https://t.co/2bKFqKGWDA 6/n — Elise Gould (@eliselgould) July 7, 2021 https://platform.twitter.com/widgets.js More dWeb.News Op-Ed Opinion Commentary Read More dWeb.News and dWeb Technology Articles from Daniel Webster dweb Internet Cowboy    More dWeb.News and dWeb Technology Articles at https://dweb.news/ Unsubscribe