The BLS released the JOLTS report and it shows a continued high elevated job openings of nearly 9 million. From the BLS:
JOB OPENINGS AND LABOR TURNOVER – JANUARY 2024
The number of job openings changed little at 8.9 million on the last business day of January, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively. Within separations, quits (3.4 million) and layoffs and discharges (1.6 million) changed little.
This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. This release also includes 2023 annual estimates for job openings, hires, and separations.
Job Openings On the last business day of January, the number of job openings changed little at 8.9 million; this measure is down from a series high of 12.2 million in March 2022. Over the month, the rate was unchanged at 5.3 percent. In January, job openings increased in nondurable goods manufacturing (+82,000) but decreased in private educational services (-41,000).
We asked AI to analyze the data and create some charts so here’s what it produced. The three charts below show where the job openings, hires and separations are happening. From the job opening front, education and health services along with professional services are red hot.
We then asked AI to see changes between 2023 and 2024 for job openings and note changes in increases as green and decreases red.
We are really impressed with AI taking this data and creating these charts in a matter of seconds. From the chart above you can see that job opening in Information, financial activities, Real Estate and rental and leasing and construction have exploded from 2023 to 2024.
The data didn’t surprise us but the amazing things AI can do did so we’re eager to start pushing the limits in AI in future posts so stay tuned, stay profitable and stay solvent…