The September Job Openings and Labor Turnover Survey, revealed that there were 100,000 fewer job openings in September than in August.
On Tuesday, The Department of Labor’s Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report for September. The number of Job openings decreased to 3.561 million in September, compared with August’s 3.661 million openings. When compared with September of 2011, job openings have increased by two percent. The term “separations” as used in the report, refers to resignations. Since We’ve Got Some Time . . .
From the report:
There were 3.6 million job openings on the last business day of September, essentially unchanged from August, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.1 percent) was little changed while the separations rate (3.0 percent) declined in September. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by geographic region.
The number of job openings in September was 3.6 million, essentially unchanged from August. (See table 1.) The number of openings was little changed in all industries except government and professional and business services, where the number decreased. The number of openings was also little changed in all four regions in September. The level of total nonfarm job openings in September was up from 2.4 million at the end of the recession in June 2009. (Recession dates are determined by the National Bureau of Economic Research.)
The number of job openings in September (not seasonally adjusted) was essentially unchanged over the year for total nonfarm, total private, and government. Job openings increased over the year for nondurable goods manufacturing, finance and insurance, real estate and rental and leasing, health care and social assistance, and federal government, but fell in mining and logging, durable goods manufacturing, and state and local government. The Midwest region experienced a rise in job openings over the year.
The major ETFs expected to respond to the Department of Labor’s September Job Openings and Labor Turnover Survey (JOLTS) are:
Consumer Discretionary Select Sector SPDR Fund ETF (NYSEARCA:XLY) +0.51%
SPDR S&P Retail ETF (NYSEARCA:XRT) +1.21%