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.
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.”
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.
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.”
Disclaimer: 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.