My take on today's JOLTS report - good news that exaggerates the small but genuine recovery in hiring.
Link: macromostly.substack.com/p/jolts-reca...
Link: macromostly.substack.com/p/jolts-reca...
JOLTS Recap (September)
A Good Month for Workers
macromostly.substack.com
November 3, 2026 at 8:24 PM
My take on today's JOLTS report - good news that exaggerates the small but genuine recovery in hiring.
Link: macromostly.substack.com/p/jolts-reca...
Link: macromostly.substack.com/p/jolts-reca...
Need someone to write a thread about how JOLTS changed the midterms.
Because unemployment and shadow unemployment have declined this year, the actual improvement in the job seeking environment may be slightly better than the tiny increase in hiring indicates - less congestion
2/ Hiring has increased by 1.7% this year relative to H2-2025; quits have increased by 1.6%; and layoffs have decreased by 2.3%.
If the labor market keeps improving, I'd expect both hiring and quits to inch up further *even at current net employment growth*
If the labor market keeps improving, I'd expect both hiring and quits to inch up further *even at current net employment growth*
November 3, 2026 at 3:54 PM
Need someone to write a thread about how JOLTS changed the midterms.
"It's hard to make any confident forecasts about the economic outlook until we see what happens tomorrow."
"You mean JOLTS?"
"You mean JOLTS?"
November 2, 2026 at 5:57 PM
"It's hard to make any confident forecasts about the economic outlook until we see what happens tomorrow."
"You mean JOLTS?"
"You mean JOLTS?"
For anyone who is interested, my JOLTS preview.
Hiring has improved a little this year, but there's no sign of an acceleration
macromostly.substack.com/p/jolts-prev...
Hiring has improved a little this year, but there's no sign of an acceleration
macromostly.substack.com/p/jolts-prev...
JOLTS Preview (September)
An Excruciatingly Slow Exit from the World of Low Hiring
macromostly.substack.com
November 2, 2026 at 5:53 PM
For anyone who is interested, my JOLTS preview.
Hiring has improved a little this year, but there's no sign of an acceleration
macromostly.substack.com/p/jolts-prev...
Hiring has improved a little this year, but there's no sign of an acceleration
macromostly.substack.com/p/jolts-prev...
Not now, JOLTS! We’re busy.
Job openings, hires, quits all up in September. Layoffs down slightly. Still no sign of cracking in the labor market, and perhaps some hints of a pickup. #JOLTS #NumbersDay
Data: www.bls.gov/news.release...
Data: www.bls.gov/news.release...
Job Openings and Labor Turnover Summary
- 2026 M09 Results
www.bls.gov
November 3, 2026 at 4:21 PM
Not now, JOLTS! We’re busy.
Openings up, hires up, quits up--a very strong JOLTS report.
November 3, 2026 at 3:29 PM
Openings up, hires up, quits up--a very strong JOLTS report.
Sophie-Annie: Butts and Jolts (1/2) 🐦🐻
October 31, 2026 at 3:24 PM
Sophie-Annie: Butts and Jolts (1/2) 🐦🐻
…
The focus now shifts to jobless claims and Friday’s monthly employment report.
#economy #jobs #employment #jolts #markets
2 of 2
The focus now shifts to jobless claims and Friday’s monthly employment report.
#economy #jobs #employment #jolts #markets
2 of 2
November 3, 2026 at 5:33 PM
…
The focus now shifts to jobless claims and Friday’s monthly employment report.
#economy #jobs #employment #jolts #markets
2 of 2
The focus now shifts to jobless claims and Friday’s monthly employment report.
#economy #jobs #employment #jolts #markets
2 of 2
Sophie-Annie: Butts and Jolts (2/2) 🐻🐦
Happy Halloween!
Happy Halloween!
October 31, 2026 at 11:06 PM
Sophie-Annie: Butts and Jolts (2/2) 🐻🐦
Happy Halloween!
Happy Halloween!
JOLTS jumped in Sept... but range-bound over the past 2 and a half years
November 3, 2026 at 3:03 PM
JOLTS jumped in Sept... but range-bound over the past 2 and a half years
NEW: US labor market flows remained sluggish in September data released this morning, the last federal economic data released before today's election
The hiring rate rose to 3.4%, layoffs fell to 1.0%, quits rose to 2.1%, and job openings rose to 4.5%
The hiring rate rose to 3.4%, layoffs fell to 1.0%, quits rose to 2.1%, and job openings rose to 4.5%
November 3, 2026 at 3:09 PM
NEW: US labor market flows remained sluggish in September data released this morning, the last federal economic data released before today's election
The hiring rate rose to 3.4%, layoffs fell to 1.0%, quits rose to 2.1%, and job openings rose to 4.5%
The hiring rate rose to 3.4%, layoffs fell to 1.0%, quits rose to 2.1%, and job openings rose to 4.5%
Big JOLTS for Sept ... Quits also surged to the highest since March 2025... third largest percentage change since 2020
November 3, 2026 at 3:02 PM
Big JOLTS for Sept ... Quits also surged to the highest since March 2025... third largest percentage change since 2020
Sun's down, been down a while. They're pushing him along with strong jolts of electricity at this point.
November 2, 2026 at 10:13 PM
Sun's down, been down a while. They're pushing him along with strong jolts of electricity at this point.
JOLTS: "The number of job openings was little changed at 7.5 million in September, the U.S. Bureau of Labor
Statistics reported today." www.bls.gov/news.release...
Statistics reported today." www.bls.gov/news.release...
November 3, 2026 at 3:05 PM
JOLTS: "The number of job openings was little changed at 7.5 million in September, the U.S. Bureau of Labor
Statistics reported today." www.bls.gov/news.release...
Statistics reported today." www.bls.gov/news.release...
Hiring, however, remains weak in white collar sectors, though the JOLTS data isn't granular enough to really know whether any of this is related to AI.
November 3, 2026 at 3:17 PM
Hiring, however, remains weak in white collar sectors, though the JOLTS data isn't granular enough to really know whether any of this is related to AI.
The data we're all waiting for today: an upbeat JOLTS report (September data!)
1/ Hiring was the strongest since June; quits were the strongest since June *2025*; layoffs were very low.
Still, the improvement this year has been very small.
1/ Hiring was the strongest since June; quits were the strongest since June *2025*; layoffs were very low.
Still, the improvement this year has been very small.
November 3, 2026 at 3:10 PM
The data we're all waiting for today: an upbeat JOLTS report (September data!)
1/ Hiring was the strongest since June; quits were the strongest since June *2025*; layoffs were very low.
Still, the improvement this year has been very small.
1/ Hiring was the strongest since June; quits were the strongest since June *2025*; layoffs were very low.
Still, the improvement this year has been very small.
Job openings, hires, quits all up in September. Layoffs down slightly. Still no sign of cracking in the labor market, and perhaps some hints of a pickup. #JOLTS #NumbersDay
Data: www.bls.gov/news.release...
Data: www.bls.gov/news.release...
Job Openings and Labor Turnover Summary
- 2026 M09 Results
www.bls.gov
November 3, 2026 at 3:04 PM
Job openings, hires, quits all up in September. Layoffs down slightly. Still no sign of cracking in the labor market, and perhaps some hints of a pickup. #JOLTS #NumbersDay
Data: www.bls.gov/news.release...
Data: www.bls.gov/news.release...
"Just one more thing. You see, sir, it's an airtight alibi. I'm no expert with Minecraft servers and such but the boys in the lab told me these sorts of lag spikes happen sometimes. Except there's one thing that's been bothering me. You forgot about the hunger jolts."
November 4, 2026 at 12:36 AM
"Just one more thing. You see, sir, it's an airtight alibi. I'm no expert with Minecraft servers and such but the boys in the lab told me these sorts of lag spikes happen sometimes. Except there's one thing that's been bothering me. You forgot about the hunger jolts."
Strong #JOLTS report today! All measures moving in the right direction in September:
-Hires rate up to 3.4% from 3.3% in Aug
-Quits rate up to 2.1% from 1.9%
-Job openings rose to 7.52m from 7.19m
-Layoffs down to 1.64m from 1.77m
-Hires rate up to 3.4% from 3.3% in Aug
-Quits rate up to 2.1% from 1.9%
-Job openings rose to 7.52m from 7.19m
-Layoffs down to 1.64m from 1.77m
November 3, 2026 at 3:03 PM
Strong #JOLTS report today! All measures moving in the right direction in September:
-Hires rate up to 3.4% from 3.3% in Aug
-Quits rate up to 2.1% from 1.9%
-Job openings rose to 7.52m from 7.19m
-Layoffs down to 1.64m from 1.77m
-Hires rate up to 3.4% from 3.3% in Aug
-Quits rate up to 2.1% from 1.9%
-Job openings rose to 7.52m from 7.19m
-Layoffs down to 1.64m from 1.77m
(don't try this at home (seriously) (it feels bad and also if your arm jolts or something you could bonk yourself))
October 31, 2026 at 10:28 AM
(don't try this at home (seriously) (it feels bad and also if your arm jolts or something you could bonk yourself))
Little changed in the #JOLTS report for September. Some very small movements in a positive direction:
- job openings ticked up
- hire rate increased a tad
- quits rate showed a promising uptick
- layoffs dropped a bit
Labor market holds steady while new entrants still have a hard time breaking in.
- job openings ticked up
- hire rate increased a tad
- quits rate showed a promising uptick
- layoffs dropped a bit
Labor market holds steady while new entrants still have a hard time breaking in.
November 3, 2026 at 3:15 PM
Little changed in the #JOLTS report for September. Some very small movements in a positive direction:
- job openings ticked up
- hire rate increased a tad
- quits rate showed a promising uptick
- layoffs dropped a bit
Labor market holds steady while new entrants still have a hard time breaking in.
- job openings ticked up
- hire rate increased a tad
- quits rate showed a promising uptick
- layoffs dropped a bit
Labor market holds steady while new entrants still have a hard time breaking in.
US JOLTS JOB OPENINGS (SEP) ACTUAL: 7523K VS 7079K PREVIOUS; EST 7164K
November 3, 2026 at 3:01 PM
US JOLTS JOB OPENINGS (SEP) ACTUAL: 7523K VS 7079K PREVIOUS; EST 7164K
US JOLTS JOB OPENINGS (SEP) ACTUAL: 7523K VS 7079K PREVIOUS; EST 7164K
November 3, 2026 at 3:00 PM
US JOLTS JOB OPENINGS (SEP) ACTUAL: 7523K VS 7079K PREVIOUS; EST 7164K