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Mon Jun 10, 2019, 11:57 AM

BLS Report: Hires edge up to series high (5.9 million); job openings and separations little changed

People come; people go.

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

Hires edge up to series high (5.9 million); job openings and separations little changed

Job openings were little changed at 7.4 million the last business day of April. Hires edged up to a series high of 5.9 million, and separations were little changed at 5.6 million.

Economic News Release USDL-19-0945

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EDT) Monday, June 10, 2019

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 – APRIL 2019

The number of job openings was little changed at 7.4 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, hires edged up to 5.9 million, and separations were little changed at 5.6 million. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little changed at 1.2 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 April, the job openings level was little changed at 7.4 million. The job openings rate was 4.7 percent. The number of job openings was little changed for total private and for government. The job openings level increased in federal government (+22,000) and educational services (+20,000). Job openings decreased in professional and business services (-172,000). The number of job openings was little changed in all four regions. (See table 1.)

Hires

The number of hires edged up to a series high of 5.9 million (+240,000) in April. The hires rate was 3.9 percent. The hires level edged up for total private (+217,000) and was little changed for government. Hires increased in real estate and rental and leasing (+34,000). 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.

The number of total separations was little changed at 5.6 million in April. The total separations rate was 3.7 percent. The number of total separations was little changed for total private and for government. The total separations level increased in real estate and rental and leasing (+43,000) but decreased in federal government (-10,000). The number of total separations was little changed in all four regions. (See table 3.)

The number of quits was little changed in April at 3.5 million. The quits rate was 2.3 percent. The quits level was little changed for total private and for government. Quits increased in real estate and rental and leasing (+28,000) and in state and local government, excluding education (+13,000), but decreased in federal government (-8,000). The number of quits decreased in the Northeast region. (See table 4.)

The number of layoffs and discharges was little changed in April at 1.8 million. The layoffs and discharges rate was 1.2 percent. The layoffs and discharges level was little changed for total private and for government. The number of layoffs and discharges increased in real estate and rental and leasing (+15,000). The layoffs and discharges level was little changed in all four regions. (See table 5.)

The number of other separations was little changed in April. The other separations level was little changed for total private and for government. Other separations increased in accommodation and food services (+14,000). The number of other separations was little changed in all four regions. (See table 6.)

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in April, hires totaled 69.6 million and separations totaled 66.8 million, yielding a net employment gain of 2.8 million. These totals include workers who may have been hired and separated more than once during the year.
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The Job Openings and Labor Turnover Survey estimates for May 2019 are scheduled to be released on Tuesday, July 9, 2019 at 10:00 a.m. (EDT).

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Previously at DU:

BLS Report: Job openings rise to 7.5 million in March; hires and separations little changed

BLS Report: Job openings fall to 7.1 million in February; hires and separations little changed

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Reply BLS Report: Hires edge up to series high (5.9 million); job openings and separations little changed (Original post)
mahatmakanejeeves Jun 2019 OP
mahatmakanejeeves Jun 2019 #1

Response to mahatmakanejeeves (Original post)

Mon Jun 10, 2019, 12:59 PM

1. CEA: New Government Data Shows the Broad Strength of the United States Job Market

ECONOMY & JOBS

New Government Data Shows the Broad Strength of the United States Job Market
June 10, 2019 2 minute read

Council of Economic Advisers

New data released this morning from the Bureau of Labor Statistics’ (BLS) Job Openings and Labor Turnover Survey (JOLTS) showed that there were 7.4 million job openings in April, once again illustrating the strong job market for people looking for work. For more than a year these data have found that there are more job openings than unemployed workers. For the first time, a new experimental series recently produced by the BLS also allows for an analysis of job openings at the State level.

This new data demonstrates that this national trend is also true on a State level. Comparing the number of unemployed people in each State from BLS data to the number of job openings shows that, as of the 4th quarter of 2018 (the most recent data available at the State level), there were more job openings than people looking for work in 44 States and the District of Columbia. Furthermore, in most of these States, the number of available job openings far exceeded the number unemployed – with fewer than 90 unemployed workers per 100 job openings in 40 States and the District of Columbia. The very best States to look for work, in which there were fewer than 60 unemployed workers per 100 job openings, included many of the States in the Midwest and the Great Plains and certain States in New England (See Figure).

Although this is an experimental series that the BLS expects to continue refining, this data represents a valuable new tool for understanding where policies to encourage job training and pull workers off the sidelines may be targeted in order for them to be most effective. Additionally, by providing new details on the geographies of job openings, these new data provide further evidence that the strong economy is benefiting workers throughout the United States.

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