The number of job openings was little changed at 5.2
million on the last business day of June, the U.S. Bureau of Labor Statistics
reported today. The number of hires and separations were little changed at 5.2 and
4.9 million, respectively. Within separations, the quits rate remained at 1.9
percent for the third month in a row and the layoffs and discharges rate was
little changed at 1.3 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 5.2 million on the
last business day of June. The job openings rate for June 2015 remained at 3.6
percent for the third month in a row. The number of job openings was little
changed for total private and government. Job openings decreased in nondurable
goods manufacturing and 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 June for total nonfarm and total
private. The number of job openings for government was little changed. Job openings
rose over the year for several industries with the largest increases occurring
in professional and business services and in health care and social assistance.
Job openings decreased over the year in mining and logging and in finance and
insurance. The number of job openings increased over the year in the South and
Midwest regions. (See table 7.)
Hires
The number of hires was 5.2 million in June, little
changed from May. The hires rate was 3.7 percent. The number of hires was
little changed for total private and government in June. 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 June, the number of hires
(not seasonally adjusted) increased for total nonfarm, total private, and
government. At the industry level, hires increased in construction, other services,
and state and local government. Among the industries, the number of hires
decreased over the year in mining and logging. The number of hires increased in
the Midwest 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 includes 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 June, about
the same as in May. The separations rate was 3.5 percent. The number of total
separations was little changed for total private and government. Total separations
increased in construction. There was little change in all regions over the
month. (See table 3.)
There were 2.7 million quits in June, little changed from
May. The quits rate in June remained
unchanged at 1.9 percent. The number of quits was little
changed for total private and overnment over the month. The quits level was
little changed in all industries and in all four regions in June. (See table 4.)
The number of quits (not seasonally adjusted) increased
over the 12 months ending in June for total nonfarm, total private, and
government. Over the year, quits increased in durable goods manufacturing and
in state and local government. The number of quits increased in the Northeast
and West regions. (See table 10.)
There were 1.8 million layoffs and discharges in June,
about the same as in May. The layoffs and
discharges rate was 1.3 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 June for total
nonfarm, total private, and government. The number of layoffs and discharges increased
over the year in construction and educational services but decreased in health
care and social assistance. There was little change in layoffs and discharges
over the year in all four regions. (See table 11.)
In June, there were 392,000 other separations for total
nonfarm, about the same as in May. Over the month, the number of other
separations was little changed for total private at 334,000 and decreased for government
to 57,000. (See table 6.) Seasonally adjusted estimates of other separations
are not available for individual industries or regions.
Over the 12 months ending in June, the number of other
separations (not seasonally adjusted) was little changed for total nonfarm,
total private, and government. Other separations increased in professional and
business services, health care and social assistance, and accommodation and
food services. Other separations decreased in wholesale trade. 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 June 2015, hires totaled 60.6 million and separations totaled 57.9
million, yielding a net employment gain of 2.7 million. These totals include
workers who may have been hired and separated more than once during the year.
Source: Bureau of Labor statistics
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