JOB OPENINGS AND LABOR TURNOVER – MAY 2015
The number of job openings was little changed at 5.4
million on the last business day of May, the
highest since the series began in December 2000, the U.S.
Bureau of Labor Statistics reported today.
The number of hires was unchanged at 5.0 million in May
and the number of separations was little changed at 4.7 million. Within
separations, the quits rate was unchanged at 1.9 percent and the layoffs and
discharges rate was little changed at 1.2 percent. 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
Job openings were little changed at 5.4 million on the
last business day of May, remaining at a
historically high level. The job openings rate for May
2015 was 3.6 percent. The number of job openings was little changed for total
private and government. Job openings increased in nondurable goods manufacturing
and in state and local government. Job openings were little changed in all four
regions. (See table 1.)
The number of job openings (not seasonally adjusted)
increased over the 12 months ending in May for total nonfarm, total private,
and government. Job openings rose over the year for many industries with the
largest increases occurring in retail trade, professional and business
services, and health care and social assistance. Job openings decreased over
the year in mining and logging and in arts, entertainment, and recreation. The
number of job openings increased over the year in the South, Midwest, and West regions.
(See table 7.)
Hires
The number of hires was 5.0 million in May, unchanged
from April. The hires rate was 3.5 percent. The number of hires was little
changed for total private and government in May. There was little change in the
number of hires in all industries and regions over the month. (See table 2.)
Over the 12 months ending in May, the number of hires
(not seasonally adjusted) was little changed for total nonfarm, total private,
and government. At the industry level, hires increased in federal government.
Among the industries, the number of hires decreased over the year in mining and
logging.
The number of hires was little changed over the year in
all four 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 includes separations due to retirement, death, and
disability, as well as transfers to other locations of the same firm.
There were 4.7 million total separations in May, about
the same as in April. The separations rate was 3.3 percent. The number of total
separations was little changed for total private and government, and in all
industries and regions over the month. (See table 3.)
There were 2.7 million quits in May, unchanged from
April. The quits rate in May was 1.9 percent. The number of quits was little
changed for total private and government over the month. The number of quits was
little changed in all industries and in all four regions in May. (See table 4.)
The number of quits (not seasonally adjusted) increased
over the 12 months ending in May for total nonfarm and total private, and was
little changed for government. Over the year, quits increased in health care
and social assistance and in accommodation and food services. The number of
quits was little changed in all four regions. (See table 10.)
There were 1.7 million layoffs and discharges in May,
about the same as in April. The layoffs and discharges rate was 1.2 percent.
The number of layoffs and discharges was little changed over the month for
total private and government, and in all four regions. (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 May for total
nonfarm, total private, and government. The number of layoffs and discharges increased
over the year in federal government, but decreased in real estate and rental
and leasing. There was little change in layoffs and discharges over the year in
all four regions. (See table 11.)
In May, there were 391,000 other separations for total
nonfarm, about the same as in April. Over the month, the number of other
separations was little changed for total private at 324,000 and for
government at 67,000. (See table 6.) Seasonally adjusted
estimates of other separations are not available for individual industries or
regions.
Over the 12 months ending in May, the number of other
separations (not seasonally adjusted) was little changed for total nonfarm,
total private, and government. Other separations increased in federal government,
but decreased in accommodation and food services and in state and local
government. The number of other separations 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 May 2015, hires totaled 60.2 million and
separations totaled 57.4 million, yielding a net employment gain of 2.8
million. These totals include workers who may have been hired and separated
more than once during the year.
____________
The Job Openings and Labor Turnover Survey results for
June 2015 are scheduled to be released
on Wednesday, August 12, 2015 at 10:00 a.m. (EDT).
- 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
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