The October JOLTS report continues the trend of strong demand for health care workers. Job openings dropped 4.13% MoM but remains at historic highs with just under 2M help wanteds. Hires were also down sequentially 3.38% but in total health care labor demand remains near record highs at 2.7M workers. Quits were up 1.98% while layoffs and discharges were down 16.7%.
If the numbers could talk it would say that labor demand slowed from 2.8M positions in September to 2.7M in October. That decline was muted a little by fewer separations. While more workers left for greener pastures, health care businesses were not inclined to initiate separations as they try to hang onto the workers they have.
More of the picture on Friday when we get jobs report.
Emily Evans
Managing Director – Health Policy
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