Construction Job Openings rise from 112,000 in September,
2014 to 136,000 in October, 2014
Construction Hires Levels rise from 284,000 in September,
2014 to 305,000 in October, 2014
Construction Total Separations Levels rise from 263,000
in September, 2014 to 280,000 in October, 2014
JOB OPENINGS AND
LABOR TURNOVER – OCTOBER 2014
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.)
The number of quits was unchanged at 2.7 million in
October, maintaining the prior month’s increase. The quits rate in October was
1.9 percent. The number of quits was little changed for total private and government.
The quits level increased in retail trade and decreased in the Midwest region.
(See table 4.)
The quits level (not seasonally adjusted) increased over
the 12 months ending in October for total nonfarm, total private, and
government. Over the year, the number of quits increased for many industries,
including both retail trade and health care and social assistance. The number
of quits also increased over the year in three out of the four regions: Northeast, South, and West. (See table 10.)
The number of layoffs and discharges was little changed
in October at 1.7 million. The rate was 1.2 percent. The number of layoffs and
discharges was little changed over the month for total private, unchanged for
government, and rose in the Midwest region. (See table 5.) Seasonally adjusted
estimates of layoffs and discharges are not available for individual industries.
The layoffs and discharges level (not seasonally
adjusted) was little changed over the 12 months
ending in October for total nonfarm. The number increased
for total private and decreased for
government. The number of layoffs and discharges increased
over the year in three industries:
nondurable goods manufacturing; transportation,
warehousing, and utilities; and professional and
business services. The number decreased over the year in
three industries: mining and logging;
real estate and rental and leasing; and federal government. The number of
layoffs and discharges rose over the year in the Midwest region. (See table
11.)
In October, there were 405,000 other separations for
total nonfarm, little changed from September. Over the month, the number of
other separations was little changed for total private at 331,000 and for government
at 74,000. (See table 6.) Seasonally adjusted estimates of other separations
are not available for individual industries or regions.
Over the 12 months ending in October, the number of other
separations (not seasonally adjusted) rose for total nonfarm and total private,
and was little changed for government. The number rose over the year for many
industries, including retail trade and professional and business services. The
number fell over the year in finance and insurance. (See table 12.)
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 October 2014, hires totaled 57.2 million
and separations totaled 54.5 million, yielding a net employment gain of 2.6
million. These figures include workers who may have been hired and
separated more than once during the year.
____________
The Job Openings and Labor Turnover Survey results for
November 2014 are scheduled to be
released on Tuesday, January 13, 2015 at 10:00 a.m. (EST).
- 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
- HTML version of the entire news release
The PDF version of the news release
Source: Bureau of Labor Statistics
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