The jobs data also showed hiring faring better during the virus resurgence than initially expected. The disappointing August gain was revised to 483,000 payrolls from an initial print of 235,000 jobs. September's increase was also lifted to 312,000 new jobs from a preliminary reading of 194,000. The Delta wave still curbed hiring, but the slowdown isn't nearly as bad as first thought.
Labor demand remained historically strong through September, according to the JOLTS report. The ratio of available workers to job openings fell to a record-low 0.7 that month. Readings below 1 mean there are more openings than workers to fill them. Abundant openings are typically seen late in economic cycles, but the unusually high number of unfilled openings has dragged the ratio below zero far earlier than usual.
Quits soared to a fresh record through September. Roughly 4.4 million Americans quit their jobs that month, up from 4.3 million in August. Though the reading initially seems concerning, high quits hint at a healthy labor market. Americans tend to quit when they're confident in their ability to find work elsewhere. With so many people leveraging worker demand for higher pay or better conditions, the still-high quits signal the labor market will come back stronger than before.
Still, the report details exactly where openings emerged as Delta cases crested. Openings rose the most in the health care and social assistance sector, with businesses adding 141,000 new positions. State and local governments added 114,000 openings, and wholesale trade businesses created 51,000 postings.
State and local government education saw the biggest drop in openings of 114,000 positions. The decline was likely tied to the start of the school year and seasonal hiring trends. Real estate and rental firms shed 65,000 openings. Educational services businesses followed with a decline of 45,000 job listings.Sign up for notifications from Insider! Stay up to date with what you want to know.
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美国9月份就业机会再次下降，创纪录的440万美国人辞职