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Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: August 2019

The number of job openings was little changed at 7.1 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires edged down to 5.8 million and separations were little changed at…

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The number of job openings was little changed at 7.1 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires edged down to 5.8 million and separations were little changed at 5.6 million. Within separations, the quits rate was little changed at 2.3 percent, and the layoffs and discharges rate was unchanged at 1.2 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

Job Openings

On the last business day of August, the job openings level was little changed at 7.1 million. The job openings rate was 4.4 percent. The number of job openings was little changed for total private and for government. The job openings level decreased in nondurable goods manufacturing (-49,000) and in information (-47,000). The number of job openings decreased in the Midwest region. (See table 1.)

Hires

The number of hires edged down to 5.8 million (-199,000) in August. The hires rate was 3.8 percent. The number of hires edged down for total private (-219,000) and was little changed for government. The hires level increased in federal government (+35,000). The number of hires decreased in the South region. (See table 2.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm.

The number of total separations was little changed at 5.6 million in August. The total separations rate was 3.7 percent. The number of total separations was little changed for total private and for government. The total separations level was little changed in all industries. The number of total separations decreased in the Midwest region. (See table 3.)

The number of quits decreased in August to 3.5 million (-142,000). The quits rate was 2.3 percent. The quits level decreased for total private (-144,000) and was little changed for government. Quits decreased in professional and business services (-76,000) and in other services (-67,000). The number of quits decreased in the Midwest region. (See table 4.)

The number of layoffs and discharges was little changed in August at 1.8 million. The layoffs and discharges rate was 1.2 percent. The layoffs and discharges level was little changed for total private and for government. The number of layoffs and discharges increased in federal government (+3,000). The layoffs and discharges level was little changed in all four regions. (See table 5.)

The number of other separations was little changed in August. The other separations level was also little changed for total private and for government. Other separations increased in arts, entertainment, and recreation (+3,000). The number of other separations was little changed in all four regions. (See table 6.)

Net Change in Employment

Source: U.S. Bureau of Labor Statistics · Original release Oct 9, 2019.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Separate job openings from hiring

JOLTS measures unfilled openings on the last business day of a month, while hires and separations cover the whole month. Openings are not new payroll jobs. Read vacancies alongside hiring, quits and layoffs, and distinguish counts from rates and revised estimates. These measures add detail about labor demand and turnover to the policy discussion. The benchmark window below describes borrowing conditions around publication; it cannot attribute a rate change to this report. BLS Job Openings and Labor Turnover Survey.

Nearest published observation on or before each target date
Benchmark30 days earlierSep 9, 2019Publication referenceOct 9, 201930 days laterNov 8, 2019
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.49%Observed 3.65%Observed +16 bps vs. earlier reference3.69%Observed +4 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury1.63%Observed 1.59%Observed −4 bps vs. earlier reference1.94%Observed +35 bps vs. publication reference

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Jul 9, 2019 – Jan 9, 2020
Historical mortgage and Treasury observations around Oct 9, 2019Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.1.00%2.50%4.00%Publication date30-year fixed mortgage: 3.75% · Jul 11, 201930-year fixed mortgage: 3.81% · Jul 18, 201930-year fixed mortgage: 3.75% · Jul 25, 201930-year fixed mortgage: 3.75% · Aug 1, 201930-year fixed mortgage: 3.60% · Aug 8, 201930-year fixed mortgage: 3.60% · Aug 15, 201930-year fixed mortgage: 3.55% · Aug 22, 201930-year fixed mortgage: 3.58% · Aug 29, 201930-year fixed mortgage: 3.49% · Sep 5, 201930-year fixed mortgage: 3.56% · Sep 12, 201930-year fixed mortgage: 3.73% · Sep 19, 201930-year fixed mortgage: 3.64% · Sep 26, 201930-year fixed mortgage: 3.65% · Oct 3, 201930-year fixed mortgage: 3.57% · Oct 10, 201930-year fixed mortgage: 3.69% · Oct 17, 201930-year fixed mortgage: 3.75% · Oct 24, 201930-year fixed mortgage: 3.78% · Oct 31, 201930-year fixed mortgage: 3.69% · Nov 7, 201930-year fixed mortgage: 3.75% · Nov 14, 201930-year fixed mortgage: 3.66% · Nov 21, 201930-year fixed mortgage: 3.68% · Nov 27, 201930-year fixed mortgage: 3.68% · Dec 5, 201930-year fixed mortgage: 3.73% · Dec 12, 201930-year fixed mortgage: 3.73% · Dec 19, 201930-year fixed mortgage: 3.74% · Dec 26, 201930-year fixed mortgage: 3.72% · Jan 2, 202030-year fixed mortgage: 3.64% · Jan 9, 202010-year Treasury: 2.07% · Jul 9, 201910-year Treasury: 2.07% · Jul 10, 201910-year Treasury: 2.13% · Jul 11, 201910-year Treasury: 2.12% · Jul 12, 201910-year Treasury: 2.09% · Jul 15, 201910-year Treasury: 2.13% · Jul 16, 201910-year Treasury: 2.06% · Jul 17, 201910-year Treasury: 2.04% · Jul 18, 201910-year Treasury: 2.05% · Jul 19, 201910-year Treasury: 2.05% · Jul 22, 201910-year Treasury: 2.08% · Jul 23, 201910-year Treasury: 2.05% · Jul 24, 201910-year Treasury: 2.08% · Jul 25, 201910-year Treasury: 2.08% · Jul 26, 201910-year Treasury: 2.06% · Jul 29, 201910-year Treasury: 2.06% · Jul 30, 201910-year Treasury: 2.02% · Jul 31, 201910-year Treasury: 1.90% · Aug 1, 201910-year Treasury: 1.86% · Aug 2, 201910-year Treasury: 1.75% · Aug 5, 201910-year Treasury: 1.73% · Aug 6, 201910-year Treasury: 1.71% · Aug 7, 201910-year Treasury: 1.72% · Aug 8, 201910-year Treasury: 1.74% · Aug 9, 201910-year Treasury: 1.65% · Aug 12, 201910-year Treasury: 1.68% · Aug 13, 201910-year Treasury: 1.59% · Aug 14, 201910-year Treasury: 1.52% · Aug 15, 201910-year Treasury: 1.55% · Aug 16, 201910-year Treasury: 1.60% · Aug 19, 201910-year Treasury: 1.55% · Aug 20, 201910-year Treasury: 1.59% · Aug 21, 201910-year Treasury: 1.62% · Aug 22, 201910-year Treasury: 1.52% · Aug 23, 201910-year Treasury: 1.54% · Aug 26, 201910-year Treasury: 1.49% · Aug 27, 201910-year Treasury: 1.47% · Aug 28, 201910-year Treasury: 1.50% · Aug 29, 201910-year Treasury: 1.50% · Aug 30, 201910-year Treasury: 1.47% · Sep 3, 201910-year Treasury: 1.47% · Sep 4, 201910-year Treasury: 1.57% · Sep 5, 201910-year Treasury: 1.55% · Sep 6, 201910-year Treasury: 1.63% · Sep 9, 201910-year Treasury: 1.72% · Sep 10, 201910-year Treasury: 1.75% · Sep 11, 201910-year Treasury: 1.79% · Sep 12, 201910-year Treasury: 1.90% · Sep 13, 201910-year Treasury: 1.84% · Sep 16, 201910-year Treasury: 1.81% · Sep 17, 201910-year Treasury: 1.80% · Sep 18, 201910-year Treasury: 1.79% · Sep 19, 201910-year Treasury: 1.74% · Sep 20, 201910-year Treasury: 1.72% · Sep 23, 201910-year Treasury: 1.64% · Sep 24, 201910-year Treasury: 1.73% · Sep 25, 201910-year Treasury: 1.70% · Sep 26, 201910-year Treasury: 1.69% · Sep 27, 201910-year Treasury: 1.68% · Sep 30, 201910-year Treasury: 1.65% · Oct 1, 201910-year Treasury: 1.60% · Oct 2, 201910-year Treasury: 1.54% · Oct 3, 201910-year Treasury: 1.52% · Oct 4, 201910-year Treasury: 1.56% · Oct 7, 201910-year Treasury: 1.54% · Oct 8, 201910-year Treasury: 1.59% · Oct 9, 201910-year Treasury: 1.67% · Oct 10, 201910-year Treasury: 1.76% · Oct 11, 201910-year Treasury: 1.77% · Oct 15, 201910-year Treasury: 1.75% · Oct 16, 201910-year Treasury: 1.76% · Oct 17, 201910-year Treasury: 1.76% · Oct 18, 201910-year Treasury: 1.80% · Oct 21, 201910-year Treasury: 1.78% · Oct 22, 201910-year Treasury: 1.77% · Oct 23, 201910-year Treasury: 1.77% · Oct 24, 201910-year Treasury: 1.80% · Oct 25, 201910-year Treasury: 1.85% · Oct 28, 201910-year Treasury: 1.84% · Oct 29, 201910-year Treasury: 1.78% · Oct 30, 201910-year Treasury: 1.69% · Oct 31, 201910-year Treasury: 1.73% · Nov 1, 201910-year Treasury: 1.79% · Nov 4, 201910-year Treasury: 1.86% · Nov 5, 201910-year Treasury: 1.81% · Nov 6, 201910-year Treasury: 1.92% · Nov 7, 201910-year Treasury: 1.94% · Nov 8, 201910-year Treasury: 1.92% · Nov 12, 201910-year Treasury: 1.88% · Nov 13, 201910-year Treasury: 1.82% · Nov 14, 201910-year Treasury: 1.84% · Nov 15, 201910-year Treasury: 1.81% · Nov 18, 201910-year Treasury: 1.79% · Nov 19, 201910-year Treasury: 1.73% · Nov 20, 201910-year Treasury: 1.77% · Nov 21, 201910-year Treasury: 1.77% · Nov 22, 201910-year Treasury: 1.76% · Nov 25, 201910-year Treasury: 1.74% · Nov 26, 201910-year Treasury: 1.77% · Nov 27, 201910-year Treasury: 1.78% · Nov 29, 201910-year Treasury: 1.83% · Dec 2, 201910-year Treasury: 1.72% · Dec 3, 201910-year Treasury: 1.77% · Dec 4, 201910-year Treasury: 1.80% · Dec 5, 201910-year Treasury: 1.84% · Dec 6, 201910-year Treasury: 1.83% · Dec 9, 201910-year Treasury: 1.85% · Dec 10, 201910-year Treasury: 1.79% · Dec 11, 201910-year Treasury: 1.90% · Dec 12, 201910-year Treasury: 1.82% · Dec 13, 201910-year Treasury: 1.89% · Dec 16, 201910-year Treasury: 1.89% · Dec 17, 201910-year Treasury: 1.92% · Dec 18, 201910-year Treasury: 1.92% · Dec 19, 201910-year Treasury: 1.92% · Dec 20, 201910-year Treasury: 1.93% · Dec 23, 201910-year Treasury: 1.90% · Dec 24, 201910-year Treasury: 1.90% · Dec 26, 201910-year Treasury: 1.88% · Dec 27, 201910-year Treasury: 1.90% · Dec 30, 201910-year Treasury: 1.92% · Dec 31, 201910-year Treasury: 1.88% · Jan 2, 202010-year Treasury: 1.80% · Jan 3, 202010-year Treasury: 1.81% · Jan 6, 202010-year Treasury: 1.83% · Jan 7, 202010-year Treasury: 1.87% · Jan 8, 202010-year Treasury: 1.85% · Jan 9, 2020Jul 9, 2019Oct 9, 2019Jan 9, 2020
30-year fixed mortgage27 observations10-year Treasury127 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,372.38/month

3.65% · Oct 3, 2019

At the later reference$1,379.15/month

3.69% · Nov 7, 2019

The illustrative principal-and-interest payment is $6.77 higher per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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