Date: August 7, 2019
The Bureau of Labour Statistics reported that, “the number of job openings was relatively unchanged at 7.3 million on the last business day of June.” In addition, the month, hires and separations were little changed at 5.7 million and 5.5 million, respectively,” the BLS stated. Regarding quits rate and layoffs and discharge rate, these were unchanged at 2.3% and little changed at 1.1 % respectively.
Job Openings
The job openings for the last business day of June was little changed at 7.3 million. In which, the job openings rate was 4.6%. Furthermore, the number of job openings was little changed for total private and for government. BLS highlighted that, “Job openings increased in real estate and rental and leasing (+38,000) as well as state and local government education (+20,000). The number of job openings was little changed in all four regions.”
Hires
In June, there was little change in the number of hires at 5.7 million in which the hires rate was recorded at 3.8%. For total private and for government, the hires level was slightly changed. However, “hires rose in accommodation and food services (+76,000). The number of hires was little changed in all four regions”, as indicated by the BLS.
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. Layoffs and discharges are involuntary separations initiated by the employer. Total separations was slightly changed at 5.5 million in June with a rate of 3.6%. While, the number of quits hardly changed in June at 3.4 million with a quits rate of 2.3%. As for layoffs and discharges, it closed at 1.7 million in June and at a rate of 1.1%. As indicated by the BLS, “The number of other separations was little changed in June. The other separations level edged up for total private (+43,000) and was little changed for government. Other separations increased in other services (+18,000), accommodation and food services (+14,000), and information (+6,000). The number of other separations was little changed in all four regions.”
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