JOB OPENINGS AND LABOR TURNOVER – JUNE 2017 The number of job openings increased to 6.2 million on the last business day of June, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.4 million and 5.2 million, respectively. Within separations, the quits rate and the layoffs and discharges rate were little changed at 2.1 percent and 1.2 percent, respectively. 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 On the last business day of June, the job openings level increased to 6.2 million (+461,000). The job openings rate was 4.0 percent. The number of job openings increased for total private (+417,000) and for government (+44,000). Job openings increased in a number of industries with the largest increases occurring in professional and business services (+179,000), health care and social assistance (+125,000), and construction (+62,000). Job openings decreased in other services (-62,000). The number of job openings increased in the Midwest and West regions. (See table 1.) Hires The number of hires was little changed at 5.4 million in June. The hires rate was 3.7 percent. The number of hires was little changed for total private and for government. The number of hires decreased for educational services (-29,000), but was little changed for all other industries. Hires decreased in the Northeast region. (See table 2.) 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 includes separations due to retirement, death, disability, and transfers to other locations of the same firm. The number of total separations was little changed at 5.2 million in June. The total separations rate was 3.6 percent. Total separations was little changed for total private and for government. Total separations decreased in state and local government, excluding education (-19,000). The number of total separations was little changed in all four regions. (See table 3.) The number of quits was little changed at 3.1 million in June. The quits rate was 2.1 percent. The number of quits was little changed for total private and for government. Quits decreased in finance and insurance (-21,000). The number of quits was little changed in all four regions. (See table 4.) There were 1.7 million layoffs and discharges in June, little changed from May. The layoffs and discharges rate was 1.2 percent in June. The number of layoffs and discharges was little changed for total private and for government. The layoffs and discharges level was little changed in all industries and regions. (See table 5.) The number of other separations was little changed in June. Other separations was essentially unchanged for total private and for government. Other separations increased in wholesale trade (+18,000) and other services (+14,000). The number of other separations decreased in information (-9,000) and state and local government, excluding education (-9,000). In all four regions, the number of other separations was little changed. (See table 6.) Net Change in Employment Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in June, hires totaled 63.4 million and separations totaled 61.1 million, yielding a net employment gain of 2.3 million. These totals include workers who may have been hired and separated more than once during the year.
- Table A. Job openings, hires, and total separations by industry, seasonally adjusted
- Job Openings and Labor Turnover Technical Note
- Table 1. Job openings levels and rates by industry and region, seasonally adjusted
- Table 2. Hires levels and rates by industry and region, seasonally adjusted
- Table 3. Total separations levels and rates by industry and region, seasonally adjusted
- Table 4. Quits levels and rates by industry and region, seasonally adjusted
- Table 5. Layoffs and discharges levels and rates by industry and region, seasonally adjusted
- Table 6. Other separations levels and rates by industry and region, seasonally adjusted
- Table 7. Job openings levels and rates by industry and region, not seasonally adjusted
- Table 8. Hires levels and rates by industry and region, not seasonally adjusted
- Table 9. Total separations levels and rates by industry and region, not seasonally adjusted
- Table 10. Quits levels and rates by industry and region, not seasonally adjusted
- Table 11. Layoffs and discharges levels and rates by industry and region, not seasonally adjusted
- Table 12. Other separations levels and rates by industry and region, not seasonally adjusted
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