The Bureau of Labor Statistics released data today showing that the Trump economy reached more historic highs! Job openings and new hires reached all time highs in 2018. The best since the data was first recorded!
The Bureau of Labor Statistics (BLS) released data today for 2018 that was astounding –
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According to data from the U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Survey, job openings and hires continued to trend upward in 2018, with both job openings and hires reaching their highest levels since the series began in December 2000. The number of annual quits in 2018 reached its highest level in the history of the series as well.
Data elements from the Job Openings and Labor Turnover Survey (JOLTS) generally trended upward for total nonfarm, total private, and in many component industries over 2018. In November 2018, the seasonally adjusted job openings level reached 7.6 million, the highest monthly level since the job openings series began in December 2000. The annual hires level increased from 65.7 million in 2017 to 68.9 million in 2018. The annual total separations level increased from 63.5 million in 2017 to 66.1 million in 2018.
Within total separations, annual quits rose from 37.7 million in 2017 to 40.1 million in 2018. Layoffs and discharges edged up from 21.6 million in 2017 to 21.9 million in 2018. Other separations edged down from 4.2 million in 2017 to 4.1 million in 2018.
As new jobs are being created at record levels, Americans are taking advantage and moving up the ladder to better and better jobs.