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Home Economics

Job openings fell in January, while layoffs increased

by admin
March 8, 2023
in Economics


Posted March 8, 2023 at 10:40 am by EPI Staff

Job openings fell in January, while layoffs increased

Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for January. Read the Twitter thread here.

Job openings fell in January 2023, according to the latest #JOLTS data, while hires ticked up. Total separations were unchanged, but quits dropped slightly and layoffs increased slightly. https://t.co/dXEZgZoGFw pic.twitter.com/KCWsAvuszp

— Elise Gould (@eliselgould) March 8, 2023

The level and rate of hires ticked up in January, not surprising given the strong job growth in the payroll survey. Total separations held steady, while layoffs rose and quits fell. Both are key indicators to watch in coming months as measures of workers’ economic security. pic.twitter.com/x9HkXq5gBo

— Elise Gould (@eliselgould) March 8, 2023

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