BLS Report: Job openings at 6.9 million, hires, and separations little changed in February

[mahatmakanejeeves]

It's earlier this month that it was in the three previous months.

People come; people go.

This is JOLTS, the Job Openings and Labor Turnover Survey. It comes out a few days after the monthly payroll employment report.

The number of quits indicates how confident people are of finding another job if they leave the one they have.

Tue Mar 17, 2020: BLS Report: Job openings rise to 7.0 million in January; hires and separations little changed

Wed Feb 12, 2020: BLS Report: Job openings fall to 6.4 million in December; hires and separations little changed

Tuesday, January 21, 2020 (a late release):

BLS Report: Job openings fall to 6.8 million in November; hires and separations little changed

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Job openings at 6.9 million, hires, and separations little changed in February

Economic News Release USDL-20-0565

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EDT) Tuesday, April 7, 2020

Technical information: [phone] • [e-mail] • www.bls.gov/jlt
Media contact: [phone] • [e-mail]

JOB OPENINGS AND LABOR TURNOVER – FEBRUARY 2020

The number of job openings was little changed at 6.9 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.9 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 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 total nonfarm sector, by industry, and by four geographic regions.

Job Openings

On the last business day of February, the job openings level was little changed at 6.9 million and the job openings rate was also little changed at 4.3 percent. Job openings decreased in real estate and rental and leasing (-30,000) and information (-29,000). The number of job openings was little changed in all four regions. (See table 1.)

Hires

In February, the number of hires was little changed at 5.9 million while the rate was unchanged at 3.9 percent. The hires level increased in durable goods manufacturing (+29,000). The number of hires was little changed in all four regions. (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, disability, and transfers to other locations of the same firm.

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The Job Openings and Labor Turnover Survey estimates for March 2020 are scheduled to be released on Friday, May 15, 2020 at 10:00 a.m. (EDT).

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[gibraltar72]

1. You mean the good old days.