Unemployed, quite job. Desperate caucasian young businessman resigning from company, hand in holding cardboard, packing belongings into box, layoff or changing work. Resignation, employment concept.

Job openings dropped by 410,000 to 10.8 million in January, according to recent data from the U.S. Bureau of Labor Statistics.

The number of quits declined slightly to 3.9 million (-207,000), but layoffs and discharges jumped by 241,000 to 1.7 million. Professional and business services, in particular, had a significant decrease in quits (-221,000) and an increase in layoffs and discharges (+190,000). There were also 95,000 job openings in the industry in January.

Where job openings increased

  • Professional and business services (+95,000)
  • Transportation, warehousing, and utilities (+94,000)
  • Nondurable goods manufacturing (+50,000)
  • Wholesale trade (+50,000)
  • Other services (+43,000)

Where job openings decreased

  • Construction (-240,000)
  • Accommodation and food services (-204,000)
  • Finance and insurance (-100,000)
  • Retail trade (-94,000)
  • Real estate and rental and leasing (-51,000)