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

Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: September 2023

The number of job openings changed little at 9.6 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 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 →

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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 changed little at 9.6 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million and 5.5 million, respectively. Within separations, quits (3.7 million) and layoffs and discharges (1.5 million) changed little. 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 changed little at 9.6 million, and the rate was unchanged at 5.7 percent. Over the month, job openings increased in accommodation and food services (+141,000) and in arts, entertainment, and recreation (+39,000). Job openings decreased in other services (-124,000), federal government (-43,000), and information (-41,000). (See table 1.)

Hires

In September, the number of hires changed little at 5.9 million, and the rate was 3.7 percent for the third month in a row. The number of hires changed little in all industries. (See table 2.)

Separations

Total separations include quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. 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 include separations due to retirement, death, disability, and transfers to other locations of the same firm.

The number and rate of total separations in September changed little at 5.5 million and 3.5 percent, respectively. Over the month, the number of total separations decreased in state and local government education (-42,000) and in nondurable goods manufacturing (-37,000) but increased in federal government (+8,000). (See table 3.)

In September, the number of quits changed little at 3.7 million, and the rate was 2.3 percent for the 3rd consecutive month. The number of quits increased in information (+24,000) but decreased in state and local government, excluding education (-15,000). (See table 4.)

In September, the number and rate of layoffs and discharges changed little at 1.5 million and 1.0 percent, respectively. The number of layoffs and discharges decreased in state and local government education (-22,000). (See table 5.)

The number of other separations changed little in September at 352,000. (See table 6.)

Establishment Size Class

In September, the job openings, hires, and total separations rates changed little for establishments with 1 to 9 employees. The job openings rate decreased for establishments with 5,000 or more employees. (See table 7.)

Source: U.S. Bureau of Labor Statistics · Original release Nov 1, 2023.

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, 2023Publication referenceNov 1, 202330 days laterDec 1, 2023
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®7.31%Observed 7.79%Observed +48 bps vs. earlier reference7.22%Observed −57 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury4.69%Observed 4.77%Observed +8 bps vs. earlier reference4.22%Observed −55 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, 2023 – Feb 1, 2024
Historical mortgage and Treasury observations around Nov 1, 2023Each 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.3.50%5.75%8.00%Publication date30-year fixed mortgage: 6.90% · Aug 3, 202330-year fixed mortgage: 6.96% · Aug 10, 202330-year fixed mortgage: 7.09% · Aug 17, 202330-year fixed mortgage: 7.23% · Aug 24, 202330-year fixed mortgage: 7.18% · Aug 31, 202330-year fixed mortgage: 7.12% · Sep 7, 202330-year fixed mortgage: 7.18% · Sep 14, 202330-year fixed mortgage: 7.19% · Sep 21, 202330-year fixed mortgage: 7.31% · Sep 28, 202330-year fixed mortgage: 7.49% · Oct 5, 202330-year fixed mortgage: 7.57% · Oct 12, 202330-year fixed mortgage: 7.63% · Oct 19, 202330-year fixed mortgage: 7.79% · Oct 26, 202330-year fixed mortgage: 7.76% · Nov 2, 202330-year fixed mortgage: 7.50% · Nov 9, 202330-year fixed mortgage: 7.44% · Nov 16, 202330-year fixed mortgage: 7.29% · Nov 22, 202330-year fixed mortgage: 7.22% · Nov 30, 202330-year fixed mortgage: 7.03% · Dec 7, 202330-year fixed mortgage: 6.95% · Dec 14, 202330-year fixed mortgage: 6.67% · Dec 21, 202330-year fixed mortgage: 6.61% · Dec 28, 202330-year fixed mortgage: 6.62% · Jan 4, 202430-year fixed mortgage: 6.66% · Jan 11, 202430-year fixed mortgage: 6.60% · Jan 18, 202430-year fixed mortgage: 6.69% · Jan 25, 202430-year fixed mortgage: 6.63% · Feb 1, 202410-year Treasury: 4.05% · Aug 1, 202310-year Treasury: 4.08% · Aug 2, 202310-year Treasury: 4.20% · Aug 3, 202310-year Treasury: 4.05% · Aug 4, 202310-year Treasury: 4.09% · Aug 7, 202310-year Treasury: 4.02% · Aug 8, 202310-year Treasury: 4.00% · Aug 9, 202310-year Treasury: 4.09% · Aug 10, 202310-year Treasury: 4.16% · Aug 11, 202310-year Treasury: 4.19% · Aug 14, 202310-year Treasury: 4.21% · Aug 15, 202310-year Treasury: 4.28% · Aug 16, 202310-year Treasury: 4.30% · Aug 17, 202310-year Treasury: 4.26% · Aug 18, 202310-year Treasury: 4.34% · Aug 21, 202310-year Treasury: 4.34% · Aug 22, 202310-year Treasury: 4.19% · Aug 23, 202310-year Treasury: 4.23% · Aug 24, 202310-year Treasury: 4.25% · Aug 25, 202310-year Treasury: 4.20% · Aug 28, 202310-year Treasury: 4.12% · Aug 29, 202310-year Treasury: 4.12% · Aug 30, 202310-year Treasury: 4.09% · Aug 31, 202310-year Treasury: 4.18% · Sep 1, 202310-year Treasury: 4.27% · Sep 5, 202310-year Treasury: 4.30% · Sep 6, 202310-year Treasury: 4.27% · Sep 7, 202310-year Treasury: 4.26% · Sep 8, 202310-year Treasury: 4.29% · Sep 11, 202310-year Treasury: 4.27% · Sep 12, 202310-year Treasury: 4.25% · Sep 13, 202310-year Treasury: 4.29% · Sep 14, 202310-year Treasury: 4.33% · Sep 15, 202310-year Treasury: 4.32% · Sep 18, 202310-year Treasury: 4.37% · Sep 19, 202310-year Treasury: 4.35% · Sep 20, 202310-year Treasury: 4.49% · Sep 21, 202310-year Treasury: 4.44% · Sep 22, 202310-year Treasury: 4.55% · Sep 25, 202310-year Treasury: 4.56% · Sep 26, 202310-year Treasury: 4.61% · Sep 27, 202310-year Treasury: 4.59% · Sep 28, 202310-year Treasury: 4.59% · Sep 29, 202310-year Treasury: 4.69% · Oct 2, 202310-year Treasury: 4.81% · Oct 3, 202310-year Treasury: 4.73% · Oct 4, 202310-year Treasury: 4.72% · Oct 5, 202310-year Treasury: 4.78% · Oct 6, 202310-year Treasury: 4.66% · Oct 10, 202310-year Treasury: 4.58% · Oct 11, 202310-year Treasury: 4.70% · Oct 12, 202310-year Treasury: 4.63% · Oct 13, 202310-year Treasury: 4.71% · Oct 16, 202310-year Treasury: 4.83% · Oct 17, 202310-year Treasury: 4.91% · Oct 18, 202310-year Treasury: 4.98% · Oct 19, 202310-year Treasury: 4.93% · Oct 20, 202310-year Treasury: 4.86% · Oct 23, 202310-year Treasury: 4.83% · Oct 24, 202310-year Treasury: 4.95% · Oct 25, 202310-year Treasury: 4.86% · Oct 26, 202310-year Treasury: 4.84% · Oct 27, 202310-year Treasury: 4.88% · Oct 30, 202310-year Treasury: 4.88% · Oct 31, 202310-year Treasury: 4.77% · Nov 1, 202310-year Treasury: 4.67% · Nov 2, 202310-year Treasury: 4.57% · Nov 3, 202310-year Treasury: 4.67% · Nov 6, 202310-year Treasury: 4.58% · Nov 7, 202310-year Treasury: 4.49% · Nov 8, 202310-year Treasury: 4.62% · Nov 9, 202310-year Treasury: 4.61% · Nov 10, 202310-year Treasury: 4.63% · Nov 13, 202310-year Treasury: 4.44% · Nov 14, 202310-year Treasury: 4.53% · Nov 15, 202310-year Treasury: 4.45% · Nov 16, 202310-year Treasury: 4.44% · Nov 17, 202310-year Treasury: 4.42% · Nov 20, 202310-year Treasury: 4.41% · Nov 21, 202310-year Treasury: 4.42% · Nov 22, 202310-year Treasury: 4.47% · Nov 24, 202310-year Treasury: 4.39% · Nov 27, 202310-year Treasury: 4.34% · Nov 28, 202310-year Treasury: 4.27% · Nov 29, 202310-year Treasury: 4.37% · Nov 30, 202310-year Treasury: 4.22% · Dec 1, 202310-year Treasury: 4.28% · Dec 4, 202310-year Treasury: 4.18% · Dec 5, 202310-year Treasury: 4.12% · Dec 6, 202310-year Treasury: 4.14% · Dec 7, 202310-year Treasury: 4.23% · Dec 8, 202310-year Treasury: 4.23% · Dec 11, 202310-year Treasury: 4.20% · Dec 12, 202310-year Treasury: 4.04% · Dec 13, 202310-year Treasury: 3.92% · Dec 14, 202310-year Treasury: 3.91% · Dec 15, 202310-year Treasury: 3.95% · Dec 18, 202310-year Treasury: 3.93% · Dec 19, 202310-year Treasury: 3.86% · Dec 20, 202310-year Treasury: 3.89% · Dec 21, 202310-year Treasury: 3.90% · Dec 22, 202310-year Treasury: 3.89% · Dec 26, 202310-year Treasury: 3.79% · Dec 27, 202310-year Treasury: 3.84% · Dec 28, 202310-year Treasury: 3.88% · Dec 29, 202310-year Treasury: 3.95% · Jan 2, 202410-year Treasury: 3.91% · Jan 3, 202410-year Treasury: 3.99% · Jan 4, 202410-year Treasury: 4.05% · Jan 5, 202410-year Treasury: 4.01% · Jan 8, 202410-year Treasury: 4.02% · Jan 9, 202410-year Treasury: 4.04% · Jan 10, 202410-year Treasury: 3.98% · Jan 11, 202410-year Treasury: 3.96% · Jan 12, 202410-year Treasury: 4.07% · Jan 16, 202410-year Treasury: 4.10% · Jan 17, 202410-year Treasury: 4.14% · Jan 18, 202410-year Treasury: 4.15% · Jan 19, 202410-year Treasury: 4.11% · Jan 22, 202410-year Treasury: 4.14% · Jan 23, 202410-year Treasury: 4.18% · Jan 24, 202410-year Treasury: 4.14% · Jan 25, 202410-year Treasury: 4.15% · Jan 26, 202410-year Treasury: 4.08% · Jan 29, 202410-year Treasury: 4.06% · Jan 30, 202410-year Treasury: 3.99% · Jan 31, 202410-year Treasury: 3.87% · Feb 1, 2024Aug 1, 2023Nov 1, 2023Feb 1, 2024
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$2,157.54/month

7.79% · Oct 26, 2023

At the later reference$2,040.43/month

7.22% · Nov 30, 2023

The illustrative principal-and-interest payment is $117.11 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 →