Wednesday, December 10, 2014
Tweet[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER – OCTOBER 2014 [9 December 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 – 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....
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