Job openings (5.5 million), hires, and separations little changed in December

[mahatmakanejeeves]

Source: U.S. Bureau of Labor Statistics

Economic News Release USDL-17-0179

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EST) Tuesday, February 7, 2017

Technical information: [phone] [e-mail] www.bls.gov/jlt
Media contact: [phone] [e-mail]

JOB OPENINGS AND LABOR TURNOVER DECEMBER 2016

The number of job openings was little changed at 5.5 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.3 million and 5.0 million, respectively. Within separations, the quits rate was little changed at 2.0 percent and the layoffs and discharges rate was unchanged at 1.1 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

Job Openings

On the last business day of December, there were 5.5 million job openings, little changed from November. The job openings rate was 3.6 percent in December. The number of job openings was little changed for total private and decreased for government (-75,000). Job openings increased in other services (+50,000) and federal government (+13,000) but decreased in state and local government, excluding education (-85,000). The number of job openings was little changed in all four regions. (See table 1.)

Hires

The number of hires was essentially unchanged at 5.3 million in December. The hires rate was 3.6 percent. The number of hires was little changed for total private and decreased for government (-38,000). Hires decreased in state and local government, excluding education (-33,000), and in mining and logging (-7,000). The number of hires was little changed in all four regions. (See table 2.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. 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.
....

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The Job Openings and Labor Turnover Survey results for January 2017 are scheduled to be released on Thursday, March 16, 2017 at 10:00 a.m. (EDT).


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Revisions to the JOLTS Data

With the release of January 2017 data on March 16, 2017, BLS will revise the job openings,
hires, and separations data to incorporate the annual updates to the Current Employment
Statistics employment estimates and the JOLTS seasonal adjustment factors. Unadjusted data
and seasonally adjusted data from January 2012 forward are subject to revision.
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Read more: https://www.bls.gov/news.release/jolts.nr0.htm

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[Vogon_Glory]

1. This is still the Obama economy and Team Thumps' not had any chances to majorly screw up

yet.