Hiring remaining steady while Separations lessens.
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.)
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 November 2014, hires totaled 57.6 million
and separations totaled 54.9 million, yielding a net employment gain of 2.7
million. These figures 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
- HTML version of the entire news release
Source: Bureau of Labor Statistics
No comments:
Post a Comment