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[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER – FEBRUARY 2014 [8 April 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
JOB OPENINGS AND LABOR TURNOVER – FEBRUARY 2014 [8 April 2014]
[full-text, 18 pages]
Supplemental Files Table of Contents
There were 4.2 million job openings on the last business day of February, up from January, the U.S.
Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.2 percent)
were unchanged in February. This release includes estimates of the number and rate of job openings,
hires, and separations for the nonfarm sector by industry and by geographic region.
There were 4.2 million job openings in February, up from 3.9 million in January. The number of
openings rose for total private and was little changed for government. The number of job openings
increased in retail trade and in professional and business services, while the number of job openings
decreased in arts, entertainment, and recreation. The South region experienced a rise in job openings in
February. (See table 1.)
The number of job openings (not seasonally adjusted) increased over the year for total nonfarm and total
private and was little changed for government. Over the year, the number of job openings increased in
three industries and decreased in three industries. The Midwest and West regions experienced an
increase in the number of job openings over the 12 months ending in February. (See table 7.)
There were 4.6 million hires in February, little changed from January. The number of hires was
essentially unchanged for total private and government. The number of hires rose in February in retail
trade and was little changed in all four regions. (See table 2.)
Over the 12 months ending in February, the number of hires (not seasonally adjusted) changed little for
total nonfarm, total private, and government. Hires levels increased over the year in educational services
and decreased in construction and federal government. The number of hires rose in the Midwest region.
(See table 8.)
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 include separations
due to retirement, death, and disability, as well as transfers to other locations of the same firm.
There were 4.4 million total separations in February, little changed from January. The number of total
separations was essentially unchanged for total private and government. (See table 3.)
AND MUCH MORE...including TABLES....
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