Tuesday, January 13, 2015

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[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER – NOVEMBER 2014 [13 January 2015]

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

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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 – NOVEMBER 2014 [13 January 2015]

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 5.0 million job openings on the last business day of November, little changed from 4.8

million in October, the U.S. Bureau of Labor Statistics reported today. Hires (5.0 million) were little

changed and separations (4.6 million) declined in November. Within separations, the quits rate (1.9

percent) was unchanged and the layoffs and discharges rate (1.2 percent) was little changed. 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 5.0 million job openings on the last business day of November. The job openings rate was

3.4 percent. The number of job openings was little changed for total private and increased for

government in November. (See table 1.) Job openings increased for nondurable goods manufacturing

and for state and local government. The number of job openings was little changed in all four regions.

 

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

November for total nonfarm, total private, and government. Job openings increased over the year for

many industries, including professional and business services, health care and social assistance, and

accommodation and food services. Job openings decreased in arts, entertainment, and recreation. The

number of openings increased over the year in all four regions. (See table 7.)

 

Hires

 

There were 5.0 million hires in November, little changed from October. The hires rate in November was

3.6 percent. The number of hires was little changed for total private and government. Hires decreased

over the month in professional and business services and in the West region. (See table 2.)

 

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

total nonfarm and total private, and was little changed for government. Hires increased over the year in

several industries, including retail trade and accommodation and food services. The number of hires

increased in the Northeast and Midwest 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 4.6 million total separations in November, down from October. The separations rate was

3.3 percent in November. The number of total separations was little changed for total private and

government and decreased in the Northeast region. (See table 3.)

 

There were 2.6 million quits in November, little changed from October. The quits rate in November was

1.9 percent. The number of quits was little changed for total private and decreased for government.

Quits decreased in durable goods manufacturing, professional and business services, and state and local

government.  The number of quits was little changed in all four regions. (See table 4.)

 

The number of quits (not seasonally adjusted) increased over the 12 months ending in November for

total nonfarm and total private and was unchanged for government. Over the year, quits increased for

many industries, including both health care and social assistance and accommodation and food services.

The number of quits also increased over the year in the South region. (See table 10.)

 

There were 1.6 million layoffs and discharges in November, little changed from October. The rate was

1.2 percent in November. The number of layoffs and discharges was little changed over the month for

total private and government, and fell in the Northeast region. (See table 5.) Seasonally adjusted

estimates of layoffs and discharges are not available for individual industries.

 

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

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

discharges increased over the year in mining and logging and in the Midwest region. (See table 11.)

 

In November, there were 393,000 other separations for total nonfarm, little changed from October.

Over the month, the number of other separations was little changed for total private at 331,000 and for

government at 62,000. (See table 6.) Seasonally adjusted estimates of other separations are not available

for individual industries or regions.

 

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

was little changed for total nonfarm, total private, and government. Other separations fell over the year

for information and was little changed in all four regions. (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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