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Labor Market Turnover Increased all Year, Bouncing Off Late 2025 Low. What that Means
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Wolf Street
The trends in the number of job openings, in the number of quits, and in the number of hires — trends of labor market “turnover” — bottomed out in late 2025 and then wobbled higher, another sign of underlying strength in the labor market.
The Job Openings and Labor Turnover Survey (JOLTS) data today by the Labor Department tracks this “turnover” in the labor market in June.
Those left-behind slots become “job openings” when employers try to fill them.
Growing job openings mean mostly growing turnover in the labor market.
The three-month average rose to 3.14 million, the highest since January, and both were the highest since July 2025 (red).