Research >> Economics
Job Openings rose to a series high of 5.8 million in July
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The number of job openings again rose to a series high of 5.8 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. The number of hires and separations edged down to 5.0 million and 4.7 million, respectively. Within separations, the quits rate was 1.9 percent for the fourth month in a row, and the layoffs and discharges rate declined to 1.1 percent. 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.
Job openings increased to a new series high in July, reaching 5.8 million. The prior series high was 5.4 million in May 2015. The series began in December 2000. The job openings rate for July rose to 3.9 percent after measuring 3.6 percent in the prior 3 months. The number of job openings rose in July for total private and was little changed for government. Several industries experienced a rise in openings in July: professional and business services (+122,000), accommodation and food services (+82,000), retail trade (+77,000), and nondurable goods manufacturing (+27,000). In the regions, the number of openings rose in the Northeast (+154,000) and South (+141,000). (See table 1.)
The number of job openings (not seasonally adjusted) increased over the 12 months ending in July for total nonfarm and total private. The number of job openings for government was little changed. Job openings rose over the year for many industries with the largest increases occurring in professional and business services (+452,000), health care and social assistance (+174,000), accommodation and food services (+141,000), and retail trade (+136,000). Job openings decreased over the year in mining and logging (-8,000). The number of job openings increased over the year in all four regions.
Posted: September 9, 2015 Wednesday 10:00 AM