Research >> Economics
Job Openings were 4.8 million in August
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There were 4.8 million job openings on the last business day of August, up from 4.6 million in July, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) was down and the separations rate (3.2 percent) was essentially unchanged in August. Within separations, the quits rate (1.8 percent) was unchanged and the layoffs and discharges rate (1.1 percent) was little changed. 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.
There were 4.8 million job openings on the last business day of August and the rate was 3.4 percent. This was the highest level of job openings since January 2001. The number of job openings increased for total private and was little changed for government in August. (See table 1.) Job openings levels went up in nondurable goods manufacturing, health care and social assistance, and in accommodation and food services. Job openings fell in state and local government and were little changed in all four regions.
The number of job openings (not seasonally adjusted) increased over the 12 months ending in August 2014 for total nonfarm, total private, and government. The job openings level increased in many of the industries and in all four regions.
Posted: October 7, 2014 Tuesday 10:00 AM