Tuesday, September 09, 2014
Tweet[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER – JULY 2014 [9 September 2014]
IWS Documented News Service
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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
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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....
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