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

Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: September 2021

The number of job openings was little changed at 10.4 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.5 million and 6.2 million,…

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

THE PRIMARY SOURCE

Read the release

Original source →

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 10.4 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.5 million and 6.2 million, respectively. Within separations, the quits level and rate increased to a series high of 4.4 million and 3.0 percent, respectively. The layoffs and discharges rate was unchanged at 0.9 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, by four geographic regions, and by establishment size class.

Job Openings

On the last business day of September, the number and rate of job openings were little changed at 10.4 million and 6.6 percent, respectively. Job openings increased in health care and social assistance (+141,000); state and local government, excluding education (+114,000); wholesale trade (+51,000); and information (+51,000). Job openings decreased in state and local government education (-114,000); other services (-104,000); real estate and rental and leasing (-65,000); and educational services (-45,000). The number of job openings was little changed in all four regions. (See table 1.)

Hires

In September, the number and rate of hires were little changed at 6.5 million and 4.4 percent, respectively. Hires increased in health care and social assistance (+109,000) and finance and insurance (+60,000). Hires decreased in state and local government education (-92,000) and educational services (-89,000). The number of hires was little changed in all four regions. (See table 2.)

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 September, the number and rate of total separations were little changed at 6.2 million and 4.2 percent, respectively. Total separations decreased in retail trade (-100,000). The total separations level increased in several industries with the largest increases in other services (+87,000); health care and social assistance (+86,000); and finance and insurance (+61,000). Total separations were little changed in all four regions. (See table 3.)

The number of quits increased in September to a series high of 4.4 million (+164,000). The quits rate also increased to a series high 3.0 percent. Quits increased in several industries with the largest increases in arts, entertainment, and recreation (+56,000); other services (+47,000); and state and local government education (+30,000). Quits decreased in wholesale trade (-30,000). The number of quits increased in the West region. (See table 4.)

In September, the number of layoffs and discharges was little changed at 1.4 million. The layoffs and discharges rate was unchanged at 0.9 percent. Layoffs and discharges were little changed in all industries and in all four regions. (See table 5.)

The number of other separations was little changed in September at 410,000. Other separations increased in finance and insurance (+41,000); state and local government education (+13,000); and other services (+12,000). Other separations were little changed in all four regions. (See table 6.)

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 September 2021, hires totaled 73.3 million and separations totaled 67.7 million, yielding a net employment gain of 5.6 million. These totals include workers who may have been hired and separated more than once during the year.

Establishment Size Class

In September, the job openings rate decreased in large establishments with 250-999 employees. The total separations rate increased in large establishments with 1,000-4,999 employees. For a more in-depth description of the JOLTS establishment size class estimates, please visit www.bls.gov/jlt/sizeclassmethodology.htm.

Source: U.S. Bureau of Labor Statistics · Original release Nov 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 earlierOct 13, 2021Publication referenceNov 12, 202130 days laterDec 12, 2021
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®2.99%Observed 2.98%Observed −1 bps vs. earlier reference3.10%Observed +12 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury1.56%Observed 1.58%Observed +2 bps vs. earlier reference1.48%Observed −10 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

Aug 12, 2021 – Feb 12, 2022
Historical mortgage and Treasury observations around Nov 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.1.00%2.50%4.00%Publication date30-year fixed mortgage: 2.87% · Aug 12, 202130-year fixed mortgage: 2.86% · Aug 19, 202130-year fixed mortgage: 2.87% · Aug 26, 202130-year fixed mortgage: 2.87% · Sep 2, 202130-year fixed mortgage: 2.88% · Sep 9, 202130-year fixed mortgage: 2.86% · Sep 16, 202130-year fixed mortgage: 2.88% · Sep 23, 202130-year fixed mortgage: 3.01% · Sep 30, 202130-year fixed mortgage: 2.99% · Oct 7, 202130-year fixed mortgage: 3.05% · Oct 14, 202130-year fixed mortgage: 3.09% · Oct 21, 202130-year fixed mortgage: 3.14% · Oct 28, 202130-year fixed mortgage: 3.09% · Nov 4, 202130-year fixed mortgage: 2.98% · Nov 10, 202130-year fixed mortgage: 3.10% · Nov 18, 202130-year fixed mortgage: 3.10% · Nov 24, 202130-year fixed mortgage: 3.11% · Dec 2, 202130-year fixed mortgage: 3.10% · Dec 9, 202130-year fixed mortgage: 3.12% · Dec 16, 202130-year fixed mortgage: 3.05% · Dec 23, 202130-year fixed mortgage: 3.11% · Dec 30, 202130-year fixed mortgage: 3.22% · Jan 6, 202230-year fixed mortgage: 3.45% · Jan 13, 202230-year fixed mortgage: 3.56% · Jan 20, 202230-year fixed mortgage: 3.55% · Jan 27, 202230-year fixed mortgage: 3.55% · Feb 3, 202230-year fixed mortgage: 3.69% · Feb 10, 202210-year Treasury: 1.36% · Aug 12, 202110-year Treasury: 1.29% · Aug 13, 202110-year Treasury: 1.26% · Aug 16, 202110-year Treasury: 1.26% · Aug 17, 202110-year Treasury: 1.27% · Aug 18, 202110-year Treasury: 1.24% · Aug 19, 202110-year Treasury: 1.26% · Aug 20, 202110-year Treasury: 1.25% · Aug 23, 202110-year Treasury: 1.29% · Aug 24, 202110-year Treasury: 1.35% · Aug 25, 202110-year Treasury: 1.34% · Aug 26, 202110-year Treasury: 1.31% · Aug 27, 202110-year Treasury: 1.29% · Aug 30, 202110-year Treasury: 1.30% · Aug 31, 202110-year Treasury: 1.31% · Sep 1, 202110-year Treasury: 1.29% · Sep 2, 202110-year Treasury: 1.33% · Sep 3, 202110-year Treasury: 1.38% · Sep 7, 202110-year Treasury: 1.35% · Sep 8, 202110-year Treasury: 1.30% · Sep 9, 202110-year Treasury: 1.35% · Sep 10, 202110-year Treasury: 1.33% · Sep 13, 202110-year Treasury: 1.28% · Sep 14, 202110-year Treasury: 1.31% · Sep 15, 202110-year Treasury: 1.34% · Sep 16, 202110-year Treasury: 1.37% · Sep 17, 202110-year Treasury: 1.31% · Sep 20, 202110-year Treasury: 1.33% · Sep 21, 202110-year Treasury: 1.32% · Sep 22, 202110-year Treasury: 1.41% · Sep 23, 202110-year Treasury: 1.47% · Sep 24, 202110-year Treasury: 1.48% · Sep 27, 202110-year Treasury: 1.54% · Sep 28, 202110-year Treasury: 1.55% · Sep 29, 202110-year Treasury: 1.52% · Sep 30, 202110-year Treasury: 1.48% · Oct 1, 202110-year Treasury: 1.49% · Oct 4, 202110-year Treasury: 1.54% · Oct 5, 202110-year Treasury: 1.53% · Oct 6, 202110-year Treasury: 1.58% · Oct 7, 202110-year Treasury: 1.61% · Oct 8, 202110-year Treasury: 1.59% · Oct 12, 202110-year Treasury: 1.56% · Oct 13, 202110-year Treasury: 1.52% · Oct 14, 202110-year Treasury: 1.59% · Oct 15, 202110-year Treasury: 1.59% · Oct 18, 202110-year Treasury: 1.65% · Oct 19, 202110-year Treasury: 1.65% · Oct 20, 202110-year Treasury: 1.68% · Oct 21, 202110-year Treasury: 1.66% · Oct 22, 202110-year Treasury: 1.64% · Oct 25, 202110-year Treasury: 1.63% · Oct 26, 202110-year Treasury: 1.54% · Oct 27, 202110-year Treasury: 1.57% · Oct 28, 202110-year Treasury: 1.55% · Oct 29, 202110-year Treasury: 1.58% · Nov 1, 202110-year Treasury: 1.56% · Nov 2, 202110-year Treasury: 1.60% · Nov 3, 202110-year Treasury: 1.53% · Nov 4, 202110-year Treasury: 1.45% · Nov 5, 202110-year Treasury: 1.51% · Nov 8, 202110-year Treasury: 1.46% · Nov 9, 202110-year Treasury: 1.56% · Nov 10, 202110-year Treasury: 1.58% · Nov 12, 202110-year Treasury: 1.63% · Nov 15, 202110-year Treasury: 1.63% · Nov 16, 202110-year Treasury: 1.60% · Nov 17, 202110-year Treasury: 1.59% · Nov 18, 202110-year Treasury: 1.54% · Nov 19, 202110-year Treasury: 1.63% · Nov 22, 202110-year Treasury: 1.67% · Nov 23, 202110-year Treasury: 1.64% · Nov 24, 202110-year Treasury: 1.48% · Nov 26, 202110-year Treasury: 1.52% · Nov 29, 202110-year Treasury: 1.43% · Nov 30, 202110-year Treasury: 1.43% · Dec 1, 202110-year Treasury: 1.44% · Dec 2, 202110-year Treasury: 1.35% · Dec 3, 202110-year Treasury: 1.43% · Dec 6, 202110-year Treasury: 1.48% · Dec 7, 202110-year Treasury: 1.52% · Dec 8, 202110-year Treasury: 1.49% · Dec 9, 202110-year Treasury: 1.48% · Dec 10, 202110-year Treasury: 1.42% · Dec 13, 202110-year Treasury: 1.44% · Dec 14, 202110-year Treasury: 1.47% · Dec 15, 202110-year Treasury: 1.44% · Dec 16, 202110-year Treasury: 1.41% · Dec 17, 202110-year Treasury: 1.43% · Dec 20, 202110-year Treasury: 1.48% · Dec 21, 202110-year Treasury: 1.46% · Dec 22, 202110-year Treasury: 1.50% · Dec 23, 202110-year Treasury: 1.48% · Dec 27, 202110-year Treasury: 1.49% · Dec 28, 202110-year Treasury: 1.55% · Dec 29, 202110-year Treasury: 1.52% · Dec 30, 202110-year Treasury: 1.52% · Dec 31, 202110-year Treasury: 1.63% · Jan 3, 202210-year Treasury: 1.66% · Jan 4, 202210-year Treasury: 1.71% · Jan 5, 202210-year Treasury: 1.73% · Jan 6, 202210-year Treasury: 1.76% · Jan 7, 202210-year Treasury: 1.78% · Jan 10, 202210-year Treasury: 1.75% · Jan 11, 202210-year Treasury: 1.74% · Jan 12, 202210-year Treasury: 1.70% · Jan 13, 202210-year Treasury: 1.78% · Jan 14, 202210-year Treasury: 1.87% · Jan 18, 202210-year Treasury: 1.83% · Jan 19, 202210-year Treasury: 1.83% · Jan 20, 202210-year Treasury: 1.75% · Jan 21, 202210-year Treasury: 1.75% · Jan 24, 202210-year Treasury: 1.78% · Jan 25, 202210-year Treasury: 1.85% · Jan 26, 202210-year Treasury: 1.81% · Jan 27, 202210-year Treasury: 1.78% · Jan 28, 202210-year Treasury: 1.79% · Jan 31, 202210-year Treasury: 1.81% · Feb 1, 202210-year Treasury: 1.78% · Feb 2, 202210-year Treasury: 1.82% · Feb 3, 202210-year Treasury: 1.93% · Feb 4, 202210-year Treasury: 1.92% · Feb 7, 202210-year Treasury: 1.96% · Feb 8, 202210-year Treasury: 1.94% · Feb 9, 202210-year Treasury: 2.03% · Feb 10, 202210-year Treasury: 1.92% · Feb 11, 2022Aug 12, 2021Nov 12, 2021Feb 12, 2022
30-year fixed mortgage27 observations10-year Treasury126 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$1,261.58/month

2.98% · Nov 10, 2021

At the later reference$1,281.05/month

3.10% · Dec 9, 2021

The illustrative principal-and-interest payment is $19.47 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.

Understand the policy connection →See current advertised mortgage options →