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mahatmakanejeeves

(57,600 posts)
Wed Nov 1, 2023, 10:07 AM Nov 2023

Number of job openings, hires, and total separations change little in September

Number of job openings, hires, and total separations change little in September

The number of job openings changed little at 9.6 million on the last business day of September. The number of hires and total separations also changed little at 5.9 million and 5.5 million, respectively.

Economic News Release USDL-23-2315

Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Wednesday, November 1, 2023
Technical information: (202) 691-5870 • JoltsInfo@bls.gov • www.bls.gov/jlt
Media contact: (202) 691-5902 • PressOffice@bls.gov

JOB OPENINGS AND LABOR TURNOVER – SEPTEMBER 2023

The number of job openings changed little at 9.6 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million and 5.5 million, respectively. Within separations, quits (3.7 million) and layoffs and discharges (1.5 million) changed little. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.

Job Openings

On the last business day of September, the number of job openings changed little at 9.6 million, and the rate was unchanged at 5.7 percent. Over the month, job openings increased in accommodation and food services (+141,000) and in arts, entertainment, and recreation (+39,000). Job openings decreased in other services (-124,000), federal government (-43,000), and information (-41,000). (See table 1.)

Hires

In September, the number of hires changed little at 5.9 million, and the rate was 3.7 percent for the third month in a row. The number of hires changed little in all industries. (See table 2.)

Separations

Total separations include quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. 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 include separations due to retirement, death, disability, and transfers to other locations of the same firm.

The number and rate of total separations in September changed little at 5.5 million and 3.5 percent, respectively. Over the month, the number of total separations decreased in state and local government education (-42,000) and in nondurable goods manufacturing (-37,000) but increased in federal government (+8,000). (See table 3.)

In September, the number of quits changed little at 3.7 million, and the rate was 2.3 percent for the 3rd consecutive month. The number of quits increased in information (+24,000) but decreased in state and local government, excluding education (-15,000). (See table 4.)

In September, the number and rate of layoffs and discharges changed little at 1.5 million and 1.0 percent, respectively. The number of layoffs and discharges decreased in state and local government education (-22,000). (See table 5.)

The number of other separations changed little in September at 352,000. (See table 6.)

Establishment Size Class

In September, the job openings, hires, and total separations rates changed little for establishments with 1 to 9 employees. The job openings rate decreased for establishments with 5,000 or more employees. (See table 7.)
____________
The Job Openings and Labor Turnover Survey estimates for October 2023 are scheduled to be released on Tuesday, December 5, 2023, at 10:00 a.m. (ET).

{snip tables 'n' stuff}
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