Yesterday’s release of July JOLTS data shows that nonfarm job openings for were up 248,000 from from a year earlier, an increase of 4%. The below table shows opening by industry for July 2016 and July 2017:
Comparing the distribution of job openings by industry for July 2017 to July 2016 reveals some interesting changes:
- Professional and business services, though it still accounts for the largest percentage of job openings, is down to 17.9% from 20.8% a year earlier. The number of job openings is down 10.7% from a year earlier.
- Heath care and social assistance as a percentage of job openings is barely changed from a year earlier.
- Leisure and hospitality jumped from 12.9% of job openings to 14.3%
- Despite all the well-publicized woes of the retail industry, retail job openings are up slightly from a year earlier, and account for roughly the same percentage of job openings.