BLS report: Job openings (6.2 million), hires, and separations little changed in July

[mahatmakanejeeves]

Job openings (6.2 million), hires, and separations little changed in July

Economic News Release USDL-17-1246

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EDT) Tuesday, September 12, 2017

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

JOB OPENINGS AND LABOR TURNOVER – JULY 2017

The number of job openings was little changed at 6.2 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.5 million and 5.3 million, respectively. Within separations, the quits rate and the layoffs and discharges rate were little changed at 2.2 percent and 1.2 percent, respectively. 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 July, there were 6.2 million job openings, little changed from June. The job openings rate was 4.0 percent. The number of job openings was little changed for total private and decreased for government (-58,000). Job openings increased in a number of industries with the largest increases occurring in other services (+111,000), transportation, warehousing, and utilities (+70,000), and educational services (+26,000). Job openings decreased in health care and social assistance (-72,000), state and local government, excluding education (-46,000), and federal government (-21,000). The number of job openings was little changed in the regions. (See table 1.)

Hires

The number of hires was little changed at 5.5 million in July. The hires rate was 3.8 percent. The number of hires was little changed for total private and for government. The number of hires increased for federal government (+9,000), and was little changed for all other industries. 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 August 2017 are scheduled to be released on Wednesday, October 11, 2017 at 10:00 a.m. (EDT).

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[beachbum bob]

1. sooner or later pay and salaries will have to be increased for those not at the top 1%

...how business hates paying but if you got jobs unfilled, only way to fill them is to offer more money which then drives up the pay of those already working.....I remember the days of getting consistent 5-10% raises or more as jobs were many and workers were few