Wednesday, December 10, 2014

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[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER – OCTOBER 2014 [9 December 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 – OCTOBER 2014 [9 December 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 4.8 million job openings on the last business day of October, little changed from 4.7 million

in September, the U.S. Bureau of Labor Statistics reported today. Hires (5.1 million) and separations

(4.8 million) were steady in October. Within separations, the quits rate (1.9 percent) was little changed

and the layoffs and discharges rate (1.2 percent) was 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 4.8 million job openings on the last business day of October. The job openings rate was 3.3

percent. The number of job openings was little changed for total private and declined for government in

October. (See table 1.) The level of job openings decreased for state and local government. The job

openings level was little changed in all four regions.

 

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

for total nonfarm and total private, and was little changed for government. The job openings level

increased over the year for many industries, including both professional and business services and

accommodation and food services. The number of openings also increased over the year in all four

regions. (See table 7.)

 

Hires

 

The hires level was unchanged at 5.1 million in October, maintaining the prior month's increase. The

hires rate in October was 3.6 percent. The number of hires was little changed for total private and

government. Hires increased over the month in retail trade and was little changed in all four regions.

(See table 2.)

 

Over the 12 months ending in October, 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

in many industries, including retail trade and professional and business services. The number of hires

increased in the Midwest and South regions. (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 4.8 million total separations in October, little changed from September. The separations

rate was 3.5 percent. The number of total separations was little changed for total private and government

and in all four regions. (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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