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Job Openings decreased to 5.4 million in August
The number of job openings decreased to 5.4 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. The number of hires and separations was little changed at 5.1 million and 4.8 million, respectively. Within separations, the quits rate was 1.9 percent for the fifth month in a row, and the layoffs and discharges rate was unchanged at 1.2 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 decreased to 5.4 million in August after reaching a series high of 5.7 million in July. The job openings rate for August was 3.6 percent, the same rate as in April, May, and June. The number of job openings decreased in August for total private and government. Job openings declined in state and local government (-33,000) and nondurable goods manufacturing (-25,000). The number of openings was little changed in all four regions.
The number of job openings (not seasonally adjusted) increased over the 12 months ending in August for total nonfarm, total private and government. Job openings rose over the year for several industries with the largest increases occurring in professional and business services (+184,000) and in health care and social assistance (+103,000). Job openings decreased over the year in arts, entertainment, and recreation (-31,000) and in mining and logging (-14,000). Among the regions, the number of job openings increased over the year in the South (+198,000), Midwest (+109,000), and the West (+109,000).
Posted: October 16, 2015 Friday 10:00 AM