Research >> Economics
Job Openings were 4.0 million in January
|
There were 4.0 million job openings on the last business day of January, little changed from December, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.2 percent) were little changed in January. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by geographic region. The release also includes 2013 annual estimates for hires and separations. The annual levels for hires and quits increased in 2013 while the annual total for layoffs and discharges decreased.
There were 4.0 million job openings in January, little changed from December. The number of openings also was little changed in total private and government. The number of job openings decreased in retail trade; the number increased in health care and social assistance and in arts, entertainment, and recreation. The West region experienced a rise in job openings in January.
The number of job openings (not seasonally adjusted) increased over the year for total nonfarm and total private but decreased for government. Over the year, the number of job openings increased in several industries while it decreased in real estate and rental and leasing and in federal government. The Midwest and West regions experienced an increase in the number of job openings over the 12 months ending in January.
In 2013, annual hires increased to 54.2 million (39.7 percent of employment) and annual total separations rose to 51.8 million (38.0 percent of employment). Annual quits increased to 27.6 million (20.3 percent of employment) in 2013. Annual layoffs and discharges decreased in 2013 to 20.0 million (14.6 percent of employment). Annual other separations rose in 2013 to 4.3 million (3.1 percent of employment).
Posted: March 11, 2014 Tuesday 10:00 AM