The U.S. Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report on Thursday. Job openings rose to 5.541 million in January from 5.281 million in December. December’s figure was revised down from 5.607 million.
The number of job openings climbed for total private (5.075 million) in January from December, while the number of job openings declined for government (466,000).
The hires rate was 3.5% in January.
Total separations decreased to 4.903 million in January from 5.128 million in December.
The JOLTS report is one of the Federal Reserve Chair Janet Yellen’s favourite labour market indicators.
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