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Wed Jan 11, 2017, 11:44 AM

Job openings (5.5 million), hires, and separations little changed in November

JOLTS came out yesterday. As usual, I forgot.

Job openings (5.5 million), hires, and separations little changed in November

Economic News Release USDL-17-0033

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EST) Tuesday, January 10, 2017

Technical information: (202) 691-5870 • JoltsInfo@bls.gov • www.bls.gov/jlt
Media contact: (202) 691-5902 • PressOffice@bls.gov

JOB OPENINGS AND LABOR TURNOVER – NOVEMBER 2016

The number of job openings was little changed at 5.5 million on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.2 million and 5.0 million, respectively. Within separations, the quits rate was unchanged at 2.1 percent and the layoffs and discharges rate was unchanged at 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

On the last business day of November, there were 5.5 million job openings, little changed from October. The job openings rate was 3.7 percent in November. The number of job openings was little changed for total private and increased for government (+48,000). Job openings increased in state and local government, excluding education (+32,000), and state and local government education (+17,000). The number of job openings was little changed in all four regions. (See table 1.)

Hires

The number of hires was essentially unchanged at 5.2 million in November. The hires rate was 3.6 percent. The number of hires was little changed for total private and for government. Hires increased in state and local government education (+19,000) but decreased in retail trade (-71,000). 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 results for December 2016 are scheduled to be released on Tuesday, February 7, 2017 at 10:00 a.m. (EST).


Facilities for Sensory Impaired


Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.

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Previously at DU:

Payroll employment rises by 156,000 in December; unemployment rate changes little (4.7%)

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