April 06, 2020
Job openings recorded a slight change to 6.9 million at the end of February according to the Bureau of Labour Statistics. For February, hires and separations were little changed to 5.9 million and 5.6 million, respectively. Regarding the quits rate and layoffs and discharge rate, these were unchanged at 2.3% and 1.2 % respectively.
The job openings for the last business day of February was relatively unchanged at 6.9 million. In which, the job openings rate was also little changed at 4.3%. Furthermore, the number of job openings went down 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.
In February, the number of hires was relatively stable at 5.9 million in which the hires rate was recorded at 3.9%. However, “the hires level increased in durable goods manufacturing (+29,000). The number of hires was little changed in all four regions,” as indicated by the BLS.
Total separations include 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 were slightly changed at 5.6 million in February with a rate of 3.6%. While, the number of quits slightly changed in February at 3.5 million with a quits rate of 2.3%. As for layoffs and discharges, it closed at 1.8 million in February and at a rate of 1.2%. As indicated by the BLS, “other separations decreased in February (-80,000). Other separations decreased for total private (-79,000) and was unchanged for government.”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.