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[IWS] BLS: JOB OPENINGS AND LABOR TURNOVER – DECEMBER 2014 [10 February 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

________________________________________________________________________

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 – DECEMBER 2014 [10 February 2015]

http://www.bls.gov/news.release/archives/jolts_02102015.htm

or

http://www.bls.gov/news.release/archives/jolts_02102015.pdf

[full-text, 18 pages]

 

There were 5.0 million job openings on the last business day of December, little changed from 4.8

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

separations (4.9 million) were little changed in December. Within separations, the quits rate (1.9

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

November. This was the highest level of job openings since January 2001. The job openings rate for

December was 3.5 percent. The number of job openings was little changed for total private and

increased for government in December. (See table 1.) Job openings increased for health care and social

assistance and for state and local government. The number of job openings increased in the Northeast

region.

 

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

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

many industries including the professional and business services and the health care and social

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

 

Hires

 

There were 5.1 million hires in December, little changed from November. This was the highest level of

hires since November 2007. The hires rate in December was 3.7 percent. The number of hires was little

changed for total private and government. Hires increased over the month in construction. The number

of hires was little changed in all four regions. (See table 2.)

 

Over the 12 months ending in December, 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

construction, finance and insurance, and accommodation and food 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 4.9 million total separations in December, little changed from November. This was the

highest level of separations since October 2008. The separations rate was 3.5 percent. The number of

total separations was little changed for total private and government. Total separations rose in the

Northeast region. (See table 3.)

 

There were 2.7 million quits in December, little changed from November. The quits rate in December

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

increased in construction and durable goods manufacturing. The number of quits was little changed in

all four regions. (See table 4.)

 

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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