Job openings were little changed at 5.8 million on the
last business day of April. Hires edged down over the month to 5.1 million and
separations were little changed at 5.0 million. The quits rate was 2.0 percent
and the layoffs and discharges rate was 1.1 percent.
JOB OPENINGS AND LABOR TURNOVER – APRIL 2016
The number of job openings was little changed at 5.8
million on the last business day of April, the U.S. Bureau of Labor Statistics
reported today. Hires edged down to 5.1 million while separations were little changed
at 5.0 million. Within separations, the quits rate was 2.0 percent, and the
layoffs and discharges rate was 1.1 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 5.8 million in April.
The job openings rate was 3.9 percent. The number of job openings was little
changed in April for total private and for government. Job openings increased
in a number of industries, with the largest changes occurring in wholesale
trade (+65,000), transportation, warehousing, and utilities (+58,000), durable
goods manufacturing (+46,000), and real estate and rental and leasing
(+41,000). Job openings decreased in professional and business services(-274,000).
The number of job openings was little changed in all four regions. (See table
1.)
Hires
The number of hires edged down to 5.1 million in April.
The hires rate was 3.5 percent. The number of hires was little changed in April
for total private and edged down for government (-31,000). Hires were little changed
in all industries in April and decreased in the Midwest 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, and
disability, as well as transfers to other locations of the same firm.
There were 5.0 million total separations in April, little
changed from March. The total separations rate in April was 3.5 percent. The
number of total separations was little changed over the month for total private
and for government. All industries experienced little change in total
separations over the month. In the regions, the number of total separations
declined in the Midwest. (See table 3.)
The number of quits was little changed in April at 2.9
million. The quits rate was 2.0 percent. Over the month, the number of quits
was little changed for total private and for government. Quits increased in arts,
entertainment, and recreation (+15,000) but decreased in construction (-45,000)
and mining and logging (-5,000). The number of quits decreased in the Northeast
region. (See table 4.)
There were 1.6 million layoffs and discharges in April,
little changed from March. The layoffs and discharges rate was 1.1 percent. The
number of layoffs and discharges was little changed over the month for total
private and for government. In April, layoffs and discharges declined in
professional and business services (-81,000). In the regions, layoffs and
discharges decreased in the Midwest. (See table 5.)
In April, other separations edged up for total nonfarm
and for total private, and was little changed for government. The number of
other separations rose in health care and social assistance (+20,000), accommodation
and food services (+13,000), and information (+7,000). The number of other separations
was little changed over the month in all four regions. (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 April, hires totaled 62.4 million and separations totaled 59.7
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: BLS
No comments:
Post a Comment