Wednesday, April 09, 2014

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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

Cornell University

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]

http://www.bls.gov/news.release/jolts.nr0.htm

or

http://www.bls.gov/news.release/pdf/jolts.pdf

[full-text, 18 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/jolts.supp.toc.htm

 

 

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.

 

Job Openings

 

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.)

 

Hires

 

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.)

 

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 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....

 

________________________________________________________________________

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.

 




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