Job openings little changed at 5.2 million in June; hires and separations hold steady

[mahatmakanejeeves]

Last edited Wed Aug 12, 2015, 10:58 AM - Edit history (1)

Source: U.S. Bureau of Labor Statistics

Economic News Release

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EDT) Wednesday, August 12, 2015 USDL-15-1559

Technical information: [phone] • [email protected] • www.bls.gov/jlt
Media contact: [phone] • [email protected]

JOB OPENINGS AND LABOR TURNOVER – JUNE 2015

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.)
....

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.)
....

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.
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The Job Openings and Labor Turnover Survey results for July 2015 are scheduled to be released on Wednesday, September 9, 2015 at 10:00 a.m. (EDT).

Read more: http://www.bls.gov/news.release/jolts.nr0.htm

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This is JOLTS - the Job Openings and Labor Turnover Survey. I'll link to the blog at The Wall Street Journal. when they put it up.

ETA: even as we speak:

U.S. Job Openings Down Slightly in June

10:14 am ET
Aug 12, 2015
Economy

By Jeffrey Sparshott
@jeffsparshott
[email protected]

The number of job openings in the U.S. fell slightly in June, though the overall level suggests demand for workers remains strong. ... Job openings registered at 5.25 million in June, down from 5.36 million in May.

The number of voluntary quits climbed to 2.75 million from 2.73 million the prior month, according to the Job Openings and Labor Turnover Survey, known as Jolts.

Another 1.79 million people were laid off or discharged in June, down from 1.66 million in May.

The report highlights the gap between job openings and hires, a mismatch that suggests employers haven’t been able to find workers with the desired skills at the salary on offer.