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mahatmakanejeeves

(57,393 posts)
Tue Jan 9, 2018, 10:21 AM Jan 2018

BLS report: Job openings (5.9 million), hires, and separations little changed in November

Last edited Tue Jun 5, 2018, 10:57 AM - Edit history (6)

People come; people go.

JOLTS -- the Job Openings and Labor Turnover Survey. It comes out a few days after the monthly payroll employment report.

Job openings (5.9 million), hires, and separations little changed in November

Economic News Release USDL-18-0036

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EST) Tuesday, January 9, 2018

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 – NOVEMBER 2017

The number of job openings was little changed at 5.9 million on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.5 million and 5.2 million, respectively. Within separations, the quits rate was unchanged at 2.2 percent and the layoffs and discharges rate was little changed 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 November, there were 5.9 million job openings, little changed from October. The job openings rate was 3.8 percent in November. The number of job openings was little changed for total private and for government. Job openings increased in retail trade (+88,000) but decreased in other services (-64,000), transportation, warehousing, and utilities (-60,000), and real estate and rental and leasing (-39,000). The number of job openings was little changed in all four regions. (See table 1.)

Hires

The number of hires was little changed at 5.5 million in November. The hires rate was 3.7 percent. The number of hires was little changed for total private and increased for government (+43,000). Hires increased in state and local government, excluding education (+29,000) and state and local government education (+18,000). The number of hires decreased in the Northeast region. (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.

The number of total separations was little changed at 5.2 million in November. The total separations rate was 3.5 percent. The number of total separations was little changed for total private and for government. Total separations increased in state and local government, excluding education (+21,000) but decreased in other services (-69,000) and real estate and rental and leasing (-27,000). The number of total separations was little changed in all four regions. (See table 3.)
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The Job Openings and Labor Turnover Survey results for December 2017 are scheduled to be released on Tuesday, February 6, 2018 at 10:00 a.m. (EST).

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