Tuesday, September 09, 2014

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[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER – JULY 2014 [9 September 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

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

JOB OPENINGS AND LABOR TURNOVER – JULY 2014 [9 September 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 4.7 million job openings on the last business day of July, little changed from June, the U.S.

Bureau of Labor Statistics reported today. The hires rate (3.5 percent) and the separations rate (3.3

percent) were unchanged in July. Within separations, the quits rate (1.8 percent) and the layoffs and

discharges rate (1.2 percent) were unchanged. 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

 

There were 4.7 million job openings on the last business day of July and the rate was 3.3 percent. The

1-month change in the number of openings was not significant for total private, government, all

industries, and in all four regions. (See table 1.) Although the number of total nonfarm job openings was

little changed in July, there were 799,000 more job openings in July than in January 2014. The largest

increases since January were in retail trade, professional and business services, and health care and

social assistance.

 

The number of job openings (not seasonally adjusted) increased over the 12 months ending in July 2014

for total nonfarm, total private, and government. The job openings level increased in several of the

industries and in all four regions. (See table 7.)

 

Hires

 

There were 4.9 million hires in July, little changed from June and the rate was 3.5 percent. The number

of hires was little changed for total private and government and in all four regions. Hires increased over

the month in construction. (See table 2.)

 

Over the 12 months ending in July, the number of hires (not seasonally adjusted) increased for total

nonfarm and total private and was little changed for government. The hires level increased over the year

for construction and retail trade but decreased for educational services. The number of hires increased in

the South 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 4.6 million total separations in July and the rate was 3.3 percent. The number of

separations was little changed from June for total nonfarm, total private, and government. (See table 3.)

 

The number of quits was little changed in July at 2.5 million. The quits rate measured 1.8 percent for the

sixth month in a row. The number of quits was also little changed in July for total private, government,

all industries, and all four regions. (See table 4.)

 

The quits level (not seasonally adjusted) increased over the 12 months ending in July for total nonfarm

and total private and was little changed for government. Over the year, the number of quits increased for

several industries and in the Midwest and West regions. (See table 10.)

 

The number of layoffs and discharges was little changed in July at 1.7 million. The rate measured 1.2

percent in July for the eighth month in a row. The number of layoffs and discharges was little changed

over the month for total private and fell for government. The number was little changed in all four

regions. (See table 5.) Seasonally adjusted estimates of layoffs and discharges are not available for

individual industries.

 

The layoffs and discharges level (not seasonally adjusted) was little changed over the 12 months

ending in July for total nonfarm, total private, and government. The number of layoffs and discharges

decreased over the year for finance and insurance and for educational services. The number was little

changed in all four regions over the year. (See table 11.)

 

In July, there were 382,000 other separations for total nonfarm, little changed from June. Over the

month, the number of other separations was little changed for total private at 319,000 and for

government at 64,000. (See table 6.) Seasonally adjusted estimates of other separations are not available

for individual industries or regions.

 

Over the 12 months ending in July, the number of other separations (not seasonally adjusted) was little

changed for total nonfarm, total private, and government. (See table 12.)

 

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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