Job openings increase to 4.8 million in August; hires decrease and separations steady
Source: Bureau of Labor Statistics
JOB OPENINGS AND LABOR TURNOVER – AUGUST 2014
There were 4.8 million job openings on the last business day of August, up from 4.6 million in July, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) was down and the separations rate (3.2 percent) was essentially unchanged in August. Within separations, the quits rate (1.8 percent) was unchanged and the layoffs and discharges rate (1.1 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 4.8 million job openings on the last business day of August and the rate was 3.4 percent. This was the highest level of job openings since January 2001. The number of job openings increased for total private and was little changed for government in August. (See table 1.) Job openings levels went up in nondurable goods manufacturing, health care and social assistance, and in accommodation and food services. Job openings fell in state and local government and were little changed in all four regions.
The number of job openings (not seasonally adjusted) increased over the 12 months ending in August 2014 for total nonfarm, total private, and government. The job openings level increased in many of the industries and in all four regions. (See table 7.)
Hires
There were 4.6 million hires in August, down from 4.9 million in July and the rate was 3.3 percent. The number of hires decreased for total private and was little changed for government. Hires decreased over the month in construction and retail trade and also in the South region. (See table 2.)
Read more: http://www.bls.gov/news.release/jolts.nr0.htm
Charts galore: Job Openings and Labor Turnover Survey Highlights August 2014
Job Openings Hit 13-Year High In August
Employment
10:25 am ET Oct 7, 2014
By Josh Mitchell
The number of job openings across the U.S. economy continued to climb in August, a sign this year’s strong job growth could stretch into the fall.
Employers had 4.84 million job openings in August, up from 4.6 million in July and the most since early 2001, the Labor Department said Tuesday.
The number of hires declined to 4.6 million in August from 4.9 million July.
The report comes days after the Labor Department said that employers, on net, added 248,000 jobs in September, rebounding from a weak August. The unemployment rate fell to 5.9% from 6.1%.
Job Openings and Labor Turnover Survey (JOLTS)
The Job Openings and Labor Turnover Survey (JOLTS) program produces data on job openings, hires, and separations.
Announcement
JOLTS Data by Establishment Size
JOLTS staff are conducting research on the development of data by size class, and have produced a research series of size class estimates stretching back to December of 2000, when the JOLTS series began. These experimental size class estimates are now available upon request. These data are based on size of establishment and cover only the total private sector. This experimental series will be updated periodically, as resources permit. To obtain these data, please contact us by e-mail or (202) 691-5870. For information regarding the methodology used to develop the size class data please view our size class methodology.
Next Release:
Job Openings and Labor Turnover data for September 2014 are scheduled to be released November 13, 2014, at 10:00 A.M. Eastern Time.