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

Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: September 2022

The number of job openings increased to 10.7 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. The number of hires edged down to 6.1 million, while total separations decreased to 5.7…

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 increased to 10.7 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. The number of hires edged down to 6.1 million, while total separations decreased to 5.7 million. Within separations, quits (4.1 million) changed little and layoffs and discharges (1.3 million) edged down. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.

Job Openings

On the last business day of September, the number of job openings increased to 10.7 million (+437,000), partially offsetting a sharp decline in August. The rate changed little at 6.5 percent in September but was 0.8 percentage point lower than its peak in March 2022. In September, the largest increases in job openings were in accommodation and food services (+215,000); health care and social assistance (+115,000); and transportation, warehousing, and utilities (+111,000). The number of job openings decreased in wholesale trade (-104,000) and in finance and insurance (-83,000). (See table 1.)

Hires

In September, the number of hires edged down to 6.1 million and the rate changed little at 4.0 percent. Hires decreased in durable goods manufacturing (-57,000) and in state and local government education (-40,000). (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 decreased to 5.7 million (-370,000) and 3.7 percent, respectively. Total separations decreased in accommodation and food services (-103,000); transportation, warehousing, and utilities (-42,000); and durable goods manufacturing (-38,000). (See table 3.)

In September, the number of quits changed little at 4.1 million, and the rate was 2.7 percent for the third month in a row. Quits decreased in construction (-56,000); transportation, warehousing, and utilities (-35,000); and durable goods manufacturing (-28,000). Quits increased in state and local government, excluding education (+15,000). (See table 4.)

In September, the number of layoffs and discharges edged down to 1.3 million and the rate changed little at 0.9 percent. Layoffs and discharges changed little in all industries. (See table 5.)

The number of other separations decreased in September to 299,000 (-84,000). Other separations decreased in health care and social assistance (-31,000); professional and business services (-28,000); and finance and insurance (-20,000). Other separations increased in other services (+13,000) and federal government (+3,000). (See table 6.)

Establishment Size Class

In September, the job openings rate decreased in establishments with 5,000 or more employees. The quits rate decreased in establishments with 50 to 249 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 1, 2022.

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 2, 2022Publication referenceNov 1, 202230 days laterDec 1, 2022
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®6.70%Observed 7.08%Observed +38 bps vs. earlier reference6.49%Observed −59 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury3.83%Observed 4.07%Observed +24 bps vs. earlier reference3.53%Observed −54 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 1, 2022 – Feb 1, 2023
Historical mortgage and Treasury observations around Nov 1, 2022Each 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.2.50%5.00%7.50%Publication date30-year fixed mortgage: 4.99% · Aug 4, 202230-year fixed mortgage: 5.22% · Aug 11, 202230-year fixed mortgage: 5.13% · Aug 18, 202230-year fixed mortgage: 5.55% · Aug 25, 202230-year fixed mortgage: 5.66% · Sep 1, 202230-year fixed mortgage: 5.89% · Sep 8, 202230-year fixed mortgage: 6.02% · Sep 15, 202230-year fixed mortgage: 6.29% · Sep 22, 202230-year fixed mortgage: 6.70% · Sep 29, 202230-year fixed mortgage: 6.66% · Oct 6, 202230-year fixed mortgage: 6.92% · Oct 13, 202230-year fixed mortgage: 6.94% · Oct 20, 202230-year fixed mortgage: 7.08% · Oct 27, 202230-year fixed mortgage: 6.95% · Nov 3, 202230-year fixed mortgage: 7.08% · Nov 10, 202230-year fixed mortgage: 6.61% · Nov 17, 202230-year fixed mortgage: 6.58% · Nov 23, 202230-year fixed mortgage: 6.49% · Dec 1, 202230-year fixed mortgage: 6.33% · Dec 8, 202230-year fixed mortgage: 6.31% · Dec 15, 202230-year fixed mortgage: 6.27% · Dec 22, 202230-year fixed mortgage: 6.42% · Dec 29, 202230-year fixed mortgage: 6.48% · Jan 5, 202330-year fixed mortgage: 6.33% · Jan 12, 202330-year fixed mortgage: 6.15% · Jan 19, 202330-year fixed mortgage: 6.13% · Jan 26, 202310-year Treasury: 2.60% · Aug 1, 202210-year Treasury: 2.75% · Aug 2, 202210-year Treasury: 2.73% · Aug 3, 202210-year Treasury: 2.68% · Aug 4, 202210-year Treasury: 2.83% · Aug 5, 202210-year Treasury: 2.77% · Aug 8, 202210-year Treasury: 2.80% · Aug 9, 202210-year Treasury: 2.78% · Aug 10, 202210-year Treasury: 2.87% · Aug 11, 202210-year Treasury: 2.84% · Aug 12, 202210-year Treasury: 2.79% · Aug 15, 202210-year Treasury: 2.82% · Aug 16, 202210-year Treasury: 2.89% · Aug 17, 202210-year Treasury: 2.88% · Aug 18, 202210-year Treasury: 2.98% · Aug 19, 202210-year Treasury: 3.03% · Aug 22, 202210-year Treasury: 3.05% · Aug 23, 202210-year Treasury: 3.11% · Aug 24, 202210-year Treasury: 3.03% · Aug 25, 202210-year Treasury: 3.04% · Aug 26, 202210-year Treasury: 3.12% · Aug 29, 202210-year Treasury: 3.11% · Aug 30, 202210-year Treasury: 3.15% · Aug 31, 202210-year Treasury: 3.26% · Sep 1, 202210-year Treasury: 3.20% · Sep 2, 202210-year Treasury: 3.33% · Sep 6, 202210-year Treasury: 3.27% · Sep 7, 202210-year Treasury: 3.29% · Sep 8, 202210-year Treasury: 3.33% · Sep 9, 202210-year Treasury: 3.37% · Sep 12, 202210-year Treasury: 3.42% · Sep 13, 202210-year Treasury: 3.41% · Sep 14, 202210-year Treasury: 3.45% · Sep 15, 202210-year Treasury: 3.45% · Sep 16, 202210-year Treasury: 3.49% · Sep 19, 202210-year Treasury: 3.57% · Sep 20, 202210-year Treasury: 3.51% · Sep 21, 202210-year Treasury: 3.70% · Sep 22, 202210-year Treasury: 3.69% · Sep 23, 202210-year Treasury: 3.88% · Sep 26, 202210-year Treasury: 3.97% · Sep 27, 202210-year Treasury: 3.72% · Sep 28, 202210-year Treasury: 3.76% · Sep 29, 202210-year Treasury: 3.83% · Sep 30, 202210-year Treasury: 3.67% · Oct 3, 202210-year Treasury: 3.62% · Oct 4, 202210-year Treasury: 3.76% · Oct 5, 202210-year Treasury: 3.83% · Oct 6, 202210-year Treasury: 3.89% · Oct 7, 202210-year Treasury: 3.93% · Oct 11, 202210-year Treasury: 3.91% · Oct 12, 202210-year Treasury: 3.97% · Oct 13, 202210-year Treasury: 4.00% · Oct 14, 202210-year Treasury: 4.02% · Oct 17, 202210-year Treasury: 4.01% · Oct 18, 202210-year Treasury: 4.14% · Oct 19, 202210-year Treasury: 4.24% · Oct 20, 202210-year Treasury: 4.21% · Oct 21, 202210-year Treasury: 4.25% · Oct 24, 202210-year Treasury: 4.10% · Oct 25, 202210-year Treasury: 4.04% · Oct 26, 202210-year Treasury: 3.96% · Oct 27, 202210-year Treasury: 4.02% · Oct 28, 202210-year Treasury: 4.10% · Oct 31, 202210-year Treasury: 4.07% · Nov 1, 202210-year Treasury: 4.10% · Nov 2, 202210-year Treasury: 4.14% · Nov 3, 202210-year Treasury: 4.17% · Nov 4, 202210-year Treasury: 4.22% · Nov 7, 202210-year Treasury: 4.14% · Nov 8, 202210-year Treasury: 4.12% · Nov 9, 202210-year Treasury: 3.82% · Nov 10, 202210-year Treasury: 3.88% · Nov 14, 202210-year Treasury: 3.80% · Nov 15, 202210-year Treasury: 3.67% · Nov 16, 202210-year Treasury: 3.77% · Nov 17, 202210-year Treasury: 3.82% · Nov 18, 202210-year Treasury: 3.83% · Nov 21, 202210-year Treasury: 3.76% · Nov 22, 202210-year Treasury: 3.71% · Nov 23, 202210-year Treasury: 3.68% · Nov 25, 202210-year Treasury: 3.69% · Nov 28, 202210-year Treasury: 3.75% · Nov 29, 202210-year Treasury: 3.68% · Nov 30, 202210-year Treasury: 3.53% · Dec 1, 202210-year Treasury: 3.51% · Dec 2, 202210-year Treasury: 3.60% · Dec 5, 202210-year Treasury: 3.51% · Dec 6, 202210-year Treasury: 3.42% · Dec 7, 202210-year Treasury: 3.48% · Dec 8, 202210-year Treasury: 3.57% · Dec 9, 202210-year Treasury: 3.61% · Dec 12, 202210-year Treasury: 3.51% · Dec 13, 202210-year Treasury: 3.49% · Dec 14, 202210-year Treasury: 3.44% · Dec 15, 202210-year Treasury: 3.48% · Dec 16, 202210-year Treasury: 3.57% · Dec 19, 202210-year Treasury: 3.69% · Dec 20, 202210-year Treasury: 3.68% · Dec 21, 202210-year Treasury: 3.67% · Dec 22, 202210-year Treasury: 3.75% · Dec 23, 202210-year Treasury: 3.84% · Dec 27, 202210-year Treasury: 3.88% · Dec 28, 202210-year Treasury: 3.83% · Dec 29, 202210-year Treasury: 3.88% · Dec 30, 202210-year Treasury: 3.79% · Jan 3, 202310-year Treasury: 3.69% · Jan 4, 202310-year Treasury: 3.71% · Jan 5, 202310-year Treasury: 3.55% · Jan 6, 202310-year Treasury: 3.53% · Jan 9, 202310-year Treasury: 3.61% · Jan 10, 202310-year Treasury: 3.54% · Jan 11, 202310-year Treasury: 3.43% · Jan 12, 202310-year Treasury: 3.49% · Jan 13, 202310-year Treasury: 3.53% · Jan 17, 202310-year Treasury: 3.37% · Jan 18, 202310-year Treasury: 3.39% · Jan 19, 202310-year Treasury: 3.48% · Jan 20, 202310-year Treasury: 3.52% · Jan 23, 202310-year Treasury: 3.46% · Jan 24, 202310-year Treasury: 3.46% · Jan 25, 202310-year Treasury: 3.49% · Jan 26, 202310-year Treasury: 3.52% · Jan 27, 202310-year Treasury: 3.55% · Jan 30, 202310-year Treasury: 3.52% · Jan 31, 202310-year Treasury: 3.39% · Feb 1, 2023Aug 1, 2022Nov 1, 2022Feb 1, 2023
30-year fixed mortgage26 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$2,012.05/month

7.08% · Oct 27, 2022

At the later reference$1,894.23/month

6.49% · Dec 1, 2022

The illustrative principal-and-interest payment is $117.82 lower 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 →