Tuesday, December 09, 2008
Tweet[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER: OCTOBER 2008 [9 December 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
JOB OPENINGS AND LABOR TURNOVER: OCTOBER 2008 [9 December 2008]
http://www.bls.gov/news.release/jolts.nr0.htm
or
http://www.bls.gov/news.release/pdf/jolts.pdf
[full-text, 15 pages]
On the last business day of October, there were 3.1 million job
openings in the United States, and the job openings rate was 2.2
percent, the Bureau of Labor Statistics of the U.S. Department of
Labor reported today. The job openings rate was little changed in
October but continued to trend downward. The hires rate decreased
slightly to 3.0 percent in October, while the total separations rate
was little changed at 3.1 percent. This release includes estimates of
the number and rate of job openings, hires, and separations for the
total nonfarm sector by industry and geographic region.
Although the month-to-month changes in job openings, hires, and
turnover data are often small, the trends over time are notable. The
job openings rate has declined for the past 13 months after remaining
essentially flat from August 2006 through September 2007. For the
third time in 2008, the hires rate was 3.0 percent in October. Prior
to 2008, the last time the hires rate was this low was May 2003. The
separations rate has remained low for the past seven months, ranging
from 2.9 to 3.2. The last time period that the separations rate was
consistently at or below 3.2 was March 2003 thru March 2004. (See
tables 1, 2, and 3.)
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
JOB OPENINGS AND LABOR TURNOVER: OCTOBER 2008 [9 December 2008]
http://www.bls.gov/news.release/jolts.nr0.htm
or
http://www.bls.gov/news.release/pdf/jolts.pdf
[full-text, 15 pages]
On the last business day of October, there were 3.1 million job
openings in the United States, and the job openings rate was 2.2
percent, the Bureau of Labor Statistics of the U.S. Department of
Labor reported today. The job openings rate was little changed in
October but continued to trend downward. The hires rate decreased
slightly to 3.0 percent in October, while the total separations rate
was little changed at 3.1 percent. This release includes estimates of
the number and rate of job openings, hires, and separations for the
total nonfarm sector by industry and geographic region.
Although the month-to-month changes in job openings, hires, and
turnover data are often small, the trends over time are notable. The
job openings rate has declined for the past 13 months after remaining
essentially flat from August 2006 through September 2007. For the
third time in 2008, the hires rate was 3.0 percent in October. Prior
to 2008, the last time the hires rate was this low was May 2003. The
separations rate has remained low for the past seven months, ranging
from 2.9 to 3.2. The last time period that the separations rate was
consistently at or below 3.2 was March 2003 thru March 2004. (See
tables 1, 2, and 3.)
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 3:37 PM
