Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: November 2020

The number of job openings was little changed at 6.5 million on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Hires were little changed at 6.0 million while total separations increased to 5.4…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

The number of job openings was little changed at 6.5 million on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Hires were little changed at 6.0 million while total separations increased to 5.4 million. Within separations, the quits rate was unchanged at 2.2 percent while the layoffs and discharges rate increased to 1.4 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by four geographic regions.

Job Openings

On the last business day of November, the number and rate of job openings were little changed at 6.5 million and 4.4 percent, respectively. Job openings decreased in durable goods manufacturing (-48,000), information (-45,000), and educational services (-21,000). The number of job openings was little changed in all four regions. (See table 1.)

Over the year, the number of job openings (not seasonally adjusted) was little changed in November. Job openings decreased in a number of industries over the year with the largest decreases in accommodation and food services; transportation, warehousing, and utilities; and information. The job openings level increased in nondurable goods manufacturing and in other services. The number of job openings was little changed in all four regions. (See table 7.)

Hires

In November, the number of hires was little changed at 6.0 million, and the hires rate was unchanged at 4.2 percent. Hires increased in professional and business services (+175,000) and mining and logging (+13,000). Hires decreased in accommodation and food services (-73,000), other services (-67,000), and information (-43,000). The number of hires was little changed in all four regions. (See table 2.)

The number of hires in November (not seasonally adjusted) was little changed over the year. Hires increased in professional and business services; transportation, warehousing, and utilities; and nondurable goods manufacturing. Hires decreased in accommodation and food services and in information. The number of hires increased in the South region. (See table 8.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. 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.

In November, the number of total separations increased to 5.4 million (+271,000). The total separations rate was little changed at 3.8 percent. Total separations increased in accommodation and food services (+326,000). The total separations level decreased in federal government (-70,000) and real estate and rental and leasing (-27,000). Total separations increased in the West region. (See table 3.)

Over the year, the number of total separations (not seasonally adjusted) was little changed. Total separations increased in accommodation and food services and in federal government. Total separations decreased in retail trade and in arts, entertainment, and recreation. The number of total separations was little changed in all four regions. (See table 9.)

In November, the number of quits was little changed at 3.2 million, and the quits rate was unchanged at 2.2 percent. Quits increased in accommodation and food services (+64,000). The quits level decreased in health care and social assistance (-52,000), real estate and rental and leasing (-17,000), and federal government (-6,000). The number of quits was little changed in all four regions. (See table 4.)

Over the year, the number of quits (not seasonally adjusted) decreased to 2.7 million (-241,000). Quits declined in several industries, with the largest decreases in retail trade; arts, entertainment, and recreation; and finance and insurance. Quits increased in durable goods manufacturing and in federal government. The number of quits decreased in the West region. (See table 10.)

The number and rate of layoffs and discharges increased to 2.0 million (+295,000) and 1.4 percent, respectively in November. The number of layoffs and discharges increased in accommodation and food services (+263,000), health care and social assistance (+42,000), and state and local government, excluding education (+21,000). Layoffs and discharges decreased in federal government (-54,000), but the overall level remained high due to the continued release of 2020 temporary Census workers in November. Layoffs and discharges increased in the West region. (See table 5.)

Over the year, the layoffs and discharges level (not seasonally adjusted) increased to 2.0 million (+201,000). Layoffs and discharges increased in accommodation and food services and in federal government. The number of layoffs and discharges decreased in arts, entertainment, and recreation and in mining and logging. The number of layoffs and discharges increased over the year in the Midwest and West regions. (See table 11.)

The number of other separations was little changed in November at 287,000. Other separations decreased in federal government (-10,000). The other separations level decreased in the South region. (See table 6.)

Over the year, the other separations level (not seasonally adjusted) decreased to 237,000 (-69,000). Other separations decreased in retail trade; other services; and state and local government, excluding education. The number of other separations decreased in the South region. (See table 12.)

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising.

Over the 12 months ending in November, hires totaled 70.7 million and separations totaled 75.9 million, yielding a net employment loss of 5.2 million. These totals include workers who may have been hired and separated more than once during the year.

Source: U.S. Bureau of Labor Statistics · Original release Jan 12, 2021.

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 earlierDec 13, 2020Publication referenceJan 12, 202130 days laterFeb 11, 2021
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®2.71%Observed 2.65%Observed −6 bps vs. earlier reference2.73%Observed +8 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury0.90%Observed 1.15%Observed +25 bps vs. earlier reference1.16%Observed +1 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

Oct 12, 2020 – Apr 12, 2021
Historical mortgage and Treasury observations around Jan 12, 2021Each 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.0.50%2.00%3.50%Publication date30-year fixed mortgage: 2.81% · Oct 15, 202030-year fixed mortgage: 2.80% · Oct 22, 202030-year fixed mortgage: 2.81% · Oct 29, 202030-year fixed mortgage: 2.78% · Nov 5, 202030-year fixed mortgage: 2.84% · Nov 12, 202030-year fixed mortgage: 2.72% · Nov 19, 202030-year fixed mortgage: 2.72% · Nov 25, 202030-year fixed mortgage: 2.71% · Dec 3, 202030-year fixed mortgage: 2.71% · Dec 10, 202030-year fixed mortgage: 2.67% · Dec 17, 202030-year fixed mortgage: 2.66% · Dec 24, 202030-year fixed mortgage: 2.67% · Dec 31, 202030-year fixed mortgage: 2.65% · Jan 7, 202130-year fixed mortgage: 2.79% · Jan 14, 202130-year fixed mortgage: 2.77% · Jan 21, 202130-year fixed mortgage: 2.73% · Jan 28, 202130-year fixed mortgage: 2.73% · Feb 4, 202130-year fixed mortgage: 2.73% · Feb 11, 202130-year fixed mortgage: 2.81% · Feb 18, 202130-year fixed mortgage: 2.97% · Feb 25, 202130-year fixed mortgage: 3.02% · Mar 4, 202130-year fixed mortgage: 3.05% · Mar 11, 202130-year fixed mortgage: 3.09% · Mar 18, 202130-year fixed mortgage: 3.17% · Mar 25, 202130-year fixed mortgage: 3.18% · Apr 1, 202130-year fixed mortgage: 3.13% · Apr 8, 202110-year Treasury: 0.74% · Oct 13, 202010-year Treasury: 0.73% · Oct 14, 202010-year Treasury: 0.74% · Oct 15, 202010-year Treasury: 0.76% · Oct 16, 202010-year Treasury: 0.78% · Oct 19, 202010-year Treasury: 0.81% · Oct 20, 202010-year Treasury: 0.83% · Oct 21, 202010-year Treasury: 0.87% · Oct 22, 202010-year Treasury: 0.85% · Oct 23, 202010-year Treasury: 0.81% · Oct 26, 202010-year Treasury: 0.79% · Oct 27, 202010-year Treasury: 0.79% · Oct 28, 202010-year Treasury: 0.85% · Oct 29, 202010-year Treasury: 0.88% · Oct 30, 202010-year Treasury: 0.87% · Nov 2, 202010-year Treasury: 0.90% · Nov 3, 202010-year Treasury: 0.78% · Nov 4, 202010-year Treasury: 0.79% · Nov 5, 202010-year Treasury: 0.83% · Nov 6, 202010-year Treasury: 0.96% · Nov 9, 202010-year Treasury: 0.98% · Nov 10, 202010-year Treasury: 0.88% · Nov 12, 202010-year Treasury: 0.89% · Nov 13, 202010-year Treasury: 0.91% · Nov 16, 202010-year Treasury: 0.87% · Nov 17, 202010-year Treasury: 0.88% · Nov 18, 202010-year Treasury: 0.86% · Nov 19, 202010-year Treasury: 0.83% · Nov 20, 202010-year Treasury: 0.86% · Nov 23, 202010-year Treasury: 0.88% · Nov 24, 202010-year Treasury: 0.88% · Nov 25, 202010-year Treasury: 0.84% · Nov 27, 202010-year Treasury: 0.84% · Nov 30, 202010-year Treasury: 0.92% · Dec 1, 202010-year Treasury: 0.95% · Dec 2, 202010-year Treasury: 0.92% · Dec 3, 202010-year Treasury: 0.97% · Dec 4, 202010-year Treasury: 0.94% · Dec 7, 202010-year Treasury: 0.92% · Dec 8, 202010-year Treasury: 0.95% · Dec 9, 202010-year Treasury: 0.92% · Dec 10, 202010-year Treasury: 0.90% · Dec 11, 202010-year Treasury: 0.90% · Dec 14, 202010-year Treasury: 0.92% · Dec 15, 202010-year Treasury: 0.92% · Dec 16, 202010-year Treasury: 0.94% · Dec 17, 202010-year Treasury: 0.95% · Dec 18, 202010-year Treasury: 0.95% · Dec 21, 202010-year Treasury: 0.93% · Dec 22, 202010-year Treasury: 0.96% · Dec 23, 202010-year Treasury: 0.94% · Dec 24, 202010-year Treasury: 0.94% · Dec 28, 202010-year Treasury: 0.94% · Dec 29, 202010-year Treasury: 0.93% · Dec 30, 202010-year Treasury: 0.93% · Dec 31, 202010-year Treasury: 0.93% · Jan 4, 202110-year Treasury: 0.96% · Jan 5, 202110-year Treasury: 1.04% · Jan 6, 202110-year Treasury: 1.08% · Jan 7, 202110-year Treasury: 1.13% · Jan 8, 202110-year Treasury: 1.15% · Jan 11, 202110-year Treasury: 1.15% · Jan 12, 202110-year Treasury: 1.10% · Jan 13, 202110-year Treasury: 1.15% · Jan 14, 202110-year Treasury: 1.11% · Jan 15, 202110-year Treasury: 1.10% · Jan 19, 202110-year Treasury: 1.10% · Jan 20, 202110-year Treasury: 1.12% · Jan 21, 202110-year Treasury: 1.10% · Jan 22, 202110-year Treasury: 1.05% · Jan 25, 202110-year Treasury: 1.05% · Jan 26, 202110-year Treasury: 1.04% · Jan 27, 202110-year Treasury: 1.07% · Jan 28, 202110-year Treasury: 1.11% · Jan 29, 202110-year Treasury: 1.09% · Feb 1, 202110-year Treasury: 1.12% · Feb 2, 202110-year Treasury: 1.15% · Feb 3, 202110-year Treasury: 1.15% · Feb 4, 202110-year Treasury: 1.19% · Feb 5, 202110-year Treasury: 1.19% · Feb 8, 202110-year Treasury: 1.18% · Feb 9, 202110-year Treasury: 1.15% · Feb 10, 202110-year Treasury: 1.16% · Feb 11, 202110-year Treasury: 1.20% · Feb 12, 202110-year Treasury: 1.30% · Feb 16, 202110-year Treasury: 1.29% · Feb 17, 202110-year Treasury: 1.29% · Feb 18, 202110-year Treasury: 1.34% · Feb 19, 202110-year Treasury: 1.37% · Feb 22, 202110-year Treasury: 1.37% · Feb 23, 202110-year Treasury: 1.38% · Feb 24, 202110-year Treasury: 1.54% · Feb 25, 202110-year Treasury: 1.44% · Feb 26, 202110-year Treasury: 1.45% · Mar 1, 202110-year Treasury: 1.42% · Mar 2, 202110-year Treasury: 1.47% · Mar 3, 202110-year Treasury: 1.54% · Mar 4, 202110-year Treasury: 1.56% · Mar 5, 202110-year Treasury: 1.59% · Mar 8, 202110-year Treasury: 1.55% · Mar 9, 202110-year Treasury: 1.53% · Mar 10, 202110-year Treasury: 1.54% · Mar 11, 202110-year Treasury: 1.64% · Mar 12, 202110-year Treasury: 1.62% · Mar 15, 202110-year Treasury: 1.62% · Mar 16, 202110-year Treasury: 1.63% · Mar 17, 202110-year Treasury: 1.71% · Mar 18, 202110-year Treasury: 1.74% · Mar 19, 202110-year Treasury: 1.69% · Mar 22, 202110-year Treasury: 1.63% · Mar 23, 202110-year Treasury: 1.62% · Mar 24, 202110-year Treasury: 1.63% · Mar 25, 202110-year Treasury: 1.67% · Mar 26, 202110-year Treasury: 1.73% · Mar 29, 202110-year Treasury: 1.73% · Mar 30, 202110-year Treasury: 1.74% · Mar 31, 202110-year Treasury: 1.69% · Apr 1, 202110-year Treasury: 1.72% · Apr 2, 202110-year Treasury: 1.73% · Apr 5, 202110-year Treasury: 1.67% · Apr 6, 202110-year Treasury: 1.68% · Apr 7, 202110-year Treasury: 1.64% · Apr 8, 202110-year Treasury: 1.67% · Apr 9, 202110-year Treasury: 1.69% · Apr 12, 2021Oct 12, 2020Jan 12, 2021Apr 12, 2021
30-year fixed mortgage26 observations10-year Treasury124 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$1,208.89/month

2.65% · Jan 7, 2021

At the later reference$1,221.55/month

2.73% · Feb 11, 2021

The illustrative principal-and-interest payment is $12.66 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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