• Prior month 7.774M revised to 7.762M
• JOLTs job openings 7.568 million down from 7.762 million last month
• For the year the job openings are down 877,000.
• Jobs opening rate at 4.5%
• Quits rate 2.0% versus 2.1% last month
• Vacancy rate 4.5% versus 4.7% last month (revised up from 4.6%)

Below are the detals from the BLS:

Hires (Feb):

• Total hires: 5.4 million (UNCHANGED)

• Hires rate: 3.4% (UNCHANGED)

• No significant change across industries

Separations (Feb):

• Total separations: 5.3 million (UNCHANGED)

• Separations rate: 3.3% (UNCHANGED)

• Increases:

  • State & local government education: +32,000

  • Federal government: +11,000 (DOGE)

Quits (Feb):

• Total quits: 3.2 million (UNCHANGED MoM; -273,000 YoY)

• Quits rate: 2.0% (UNCHANGED)

• Increase:

  • State & local government education: +28,000

Layoffs & Discharges (Feb):

• Total: 1.8 million (UNCHANGED)

• Rate: 1.1% (UNCHANGED)

• Increases:

  • Retail trade: +67,000

  • Real estate/rental/leasing: +24,000

  • Federal government: +18,000

• Decrease:

  • Transportation/warehousing/utilities: -42,000

Other Separations (Feb):

• Decreased by 67,000 to 275,000

Looking at the data of the JOLT, the values are hanging within the post-pandemic lows. Those lows are still above the pre-pandemic lows. Although the levels are well below the post-pandemic levels, it was thought that the demand for workers was exaggerated.

Being above the prepandemic is still showing some strength despite the ups and downs (or so it seems). .

This article was written by Greg Michalowski at www.forexlive.com.