Job Openings and Labor Turnover Summary
Technical information: (202) 691-5870 USDL 09-0361 http://www.bls.gov/jlt/ For release: 10:00 A.M. EDT Media contact: (202) 691-5902 Tuesday, April 7, 2009 (NOTE: This release was reissued on Wednesday, April 8, 2009, to correct text references to the most recent high points for job openings and hires, and for the most recent low point for the proportion of total separations attributable to layoffs and discharges. Also, a rounding error in a text statement concerning the proportion of total separations attributable to quits in February 2009 was corrected.) JOB OPENINGS AND LABOR TURNOVER: FEBRUARY 2009 On the last business day of February, there were 3.0 million job openings in the United States, and the job openings rate was 2.2 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The job openings rate and the hires rate (3.3 percent) were little changed in February, with both remaining low. The total separations rate (3.6 percent) was also essentially unchanged in February. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry and geographic region. Job Openings Job openings were essentially unchanged from January to February, although the number of job openings has trended downward since mid- 2007. At 3.0 million in February, monthly openings were down 1.8 million, or 38 percent, since the most recent high in June 2007. The job openings rate changed significantly in February only in manufacturing, where it edged up. (See table 1.) - 2 - Table A. Job openings, hires, and total separations by industry, seasonally adjusted ---------------------------------------------------------------------------------- | Job openings | Hires | Total separations |-------------------------------------------------------------- Industry | Feb. | Jan. | Feb. | Feb. | Jan. | Feb. | Feb. | Jan. | Feb. | 2008 | 2009 | 2009p| 2008 | 2009 | 2009p| 2008 | 2009 | 2009p -------------------|-------------------------------------------------------------- | Levels (in thousands) |-------------------------------------------------------------- Total(1)...........|4,248 |2,920 |3,006 |5,035 |4,460 |4,360 |5,088 |4,949 |4,825 | | | | | | | | | Total private(1)..|3,813 |2,461 |2,614 |4,694 |4,141 |4,068 |4,789 |4,686 |4,554 Construction.....| 136 | 55 | 26 | 375 | 381 | 366 | 410 | 524 | 454 Manufacturing....| 278 | 115 | 140 | 325 | 237 | 249 | 372 | 476 | 420 Trade, trans- | | | | | | | | | portation, and | | | | | | | | | utilities(2)....| 722 | 488 | 495 |1,031 | 949 | 812 |1,060 |1,049 | 918 Retail trade....| 378 | 362 | 355 | 708 | 587 | 556 | 731 | 645 | 571 Professional | | | | | | | | | and business | | | | | | | | | services........| 766 | 501 | 471 | 851 | 762 | 760 | 924 | 866 | 947 Education and | | | | | | | | | health ser- | | | | | | | | | vices...........| 806 | 636 | 625 | 581 | 539 | 536 | 534 | 494 | 505 Leisure and | | | | | | | | | hospitality.....| 558 | 272 | 282 | 927 | 743 | 696 | 932 | 763 | 726 Arts, enter- | | | | | | | | | tainment and | | | | | | | | | recreation.....| 64 | 27 | 20 | 140 | 105 | 85 | 147 | 117 | 93 Accommodation | | | | | | | | | and food | | | | | | | | | services.......| 487 | 242 | 266 | 787 | 627 | 605 | 788 | 650 | 628 Government(3).....| 446 | 417 | 392 | 335 | 306 | 270 | 293 | 277 | 254 State and local | | | | | | | | | government......| 397 | 328 | 329 | 292 | 261 | 252 | 258 | 267 | 239 |-------------------------------------------------------------- | Rates (percent) |-------------------------------------------------------------- Total(1)...........| 3.0 | 2.1 | 2.2 | 3.7 | 3.3 | 3.3 | 3.7 | 3.7 | 3.6 | | | | | | | | | Total private(1)..| 3.2 | 2.2 | 2.3 | 4.1 | 3.7 | 3.7 | 4.1 | 4.2 | 4.1 Construction.....| 1.8 | 0.8 | 0.4 | 5.0 | 5.7 | 5.5 | 5.5 | 7.8 | 6.9 Manufacturing....| 2.0 | 0.9 | 1.1 | 2.4 | 1.9 | 2.0 | 2.7 | 3.8 | 3.4 Trade, trans- | | | | | | | | | portation, and | | | | | | | | | utilities(2)....| 2.6 | 1.9 | 1.9 | 3.9 | 3.7 | 3.2 | 4.0 | 4.1 | 3.6 Retail trade....| 2.4 | 2.4 | 2.3 | 4.6 | 3.9 | 3.7 | 4.7 | 4.3 | 3.8 Professional | | | | | | | | | and business | | | | | | | | | services........| 4.1 | 2.8 | 2.7 | 4.7 | 4.4 | 4.5 | 5.1 | 5.0 | 5.6 Education and | | | | | | | | | health ser- | | | | | | | | | vices...........| 4.1 | 3.2 | 3.2 | 3.1 | 2.8 | 2.8 | 2.9 | 2.6 | 2.6 Leisure and | | | | | | | | | hospitality.....| 4.0 | 2.0 | 2.1 | 6.9 | 5.6 | 5.3 | 6.9 | 5.7 | 5.5 Arts, enter- | | | | | | | | | tainment and | | | | | | | | | recreation.....| 3.1 | 1.4 | 1.0 | 7.0 | 5.4 | 4.4 | 7.4 | 6.0 | 4.8 Accommodation | | | | | | | | | and food | | | | | | | | | services.......| 4.1 | 2.1 | 2.3 | 6.8 | 5.5 | 5.4 | 6.8 | 5.7 | 5.6 Government(3).....| 2.0 | 1.8 | 1.7 | 1.5 | 1.4 | 1.2 | 1.3 | 1.2 | 1.1 State and local | | | | | | | | | government......| 2.0 | 1.6 | 1.6 | 1.5 | 1.3 | 1.3 | 1.3 | 1.3 | 1.2 ----------------------------------------------------------------------------------- 1 Includes mining and logging, information, financial activities, and other services, not shown separately. 2 Includes wholesale trade and transportation, warehousing, and utilities, not shown separately. 3 Includes federal government, not shown separately. p = preliminary. Over the 12 months ending in February, the job openings rate (not seasonally adjusted) was essentially unchanged in the Northeast region and in six industries: retail trade; information; finance and insurance; real estate and rental and leasing; educational services; and other services. In the remaining 11 industries and at the total nonfarm and total private level, the job openings rate fell significantly over the year. Three of the four regions experienced a significant decline in the job openings rate over the year: Midwest, South, and West. The job openings rate rose significantly over the year only in the federal government. (See table 5.) - 3 - Hires Hires, at 4.4 million in February, were essentially unchanged from January. However, monthly hires were down 1,274,000, or 23 percent, since the most recent high in July 2006. The hires rate was 3.3 percent in February. No industry experienced a significant change in the hires rate in February. Regionally, the rate rose significantly in the Northeast and fell significantly in the Midwest. (See table 2.) Over the 12 months ending in February, the hires rate did not increase significantly in any industry or region. The rate decreased significantly over the year for total nonfarm, total private, and several industries, including retail trade; finance and insurance; arts, entertainment, and recreation; accommodation and food services; federal government; and state and local government. In three of the four regions, the hires rate dropped significantly over the past 12 months: Midwest, South, and West. (See table 6.) Separations Total separations includes quits (voluntary separations), layoffs and discharges (involuntary separations), and other separations (including retirements). The total separations, or turnover, rate (seasonally adjusted) was essentially unchanged in February at 3.6 percent. The total separations rate (not seasonally adjusted) was also essentially unchanged over the 12 months ending in February because quits fell while layoffs and discharges rose. (See tables 3, 7, 8 and 9.) The quits rate can serve as a barometer of workers’ willingness or ability to change jobs. The rate remained at 1.5 percent in February—the lowest point in the 8-year series. Quits have been trending downward since December 2006, declining by 1.2 million, or 37 percent. Comparing February 2009 to February 2008, the quits rate was significantly lower for total nonfarm, total private, and most industries. The rate was essentially unchanged in information; educational services; arts, entertainment, and recreation; and other services. The rate did not rise significantly in the past 12 months in any industry. Regionally, the quits rate fell significantly in three of the four regions—Northeast, South, and West. The rate was essentially unchanged in the Midwest region. (See tables 4 and 8.) The layoffs and discharges component of total separations is seasonally adjusted at the total nonfarm, total private, and government levels. Seasonally adjusted layoffs and discharges in February were 2.5 million for total nonfarm, 2.3 million for total private, and 106,000 for government, corresponding to layoffs and discharges rates of 1.8 percent, 2.1 percent, and 0.5 percent, respectively. Over the 12 months ending in February, the layoffs and discharges rate (not seasonally adjusted) rose significantly for total nonfarm, total private, and many industries, including mining and logging; construction; durable goods manufacturing; nondurable goods manufacturing; wholesale trade; transportation, warehousing, and utilities; finance and insurance; real estate and rental and leasing; and professional and business services. In the remaining industries, the rate was essentially unchanged. Regionally, the layoffs and discharges rate rose in the Midwest, South, and West and was little changed in the Northeast. (See table 9 for not seasonally adjusted layoffs and discharges. Seasonally adjusted layoffs and discharges are not presented in a table but are available through the JOLTS web site.) The other separations series is not seasonally adjusted. Comparing February 2008 to February 2009, the number of other separations was little changed for total nonfarm (280,000), total private (251,000), and government (29,000). (See table 10.) - 4 - The total separations rate is driven by the relative contribution of its three components—quits, layoffs and discharges, and other separations. The percentage of total separations attributable to the individual components has varied over time. The proportion of quits has been trending downward from a high of 62 percent in January 2006 to a series low of 41 percent in February 2009. The proportion of layoffs and discharges has increased, climbing from the most recent low of 33 percent in August 2006 to 51 percent in February 2009. (See tables 3 and 4.) Net Change in Employment In the 12 months ending in February, hires totaled 55.3 million and separations totaled 59.2 million, yielding a net employment loss over the year of 3.9 million. The loss resulted from total separations remaining level over the year, while hires trended sharply downward. For More Information For additional information, please read the Technical Note attached to this release, visit the JOLTS Web site at http://www.bls.gov/jlt/, send e-mail to Joltsinfo@bls.gov, or call (202) 691-5870. --------------------------------------------- The Job Openings and Labor Turnover release for March 2009 is scheduled to be issued on Tuesday, May 12.
- Job Openings and Labor Turnover Technical Note
- Table 1. Job openings levels (1) and rates (2) by industry and region, seasonally adjusted
- Table 2. Hires levels (1) and rates (2) by industry and region, seasonally adjusted
- Table 3. Total separations levels (1) and rates (2) by industry and region, seasonally adjusted
- Table 4. Quits levels (1) and rates (2) by industry and region, seasonally adjusted
- Table 5. Job openings levels (1) and rates (2) by industry and region, not seasonally adjusted
- Table 6. Hires levels (1) and rates (2) by industry and region, not seasonally adjusted
- Table 7. Total separations levels (1) and rates (2) by industry and region, not seasonally adjusted
- Table 8. Quits levels (1) and rates (2) by industry and region, not seasonally adjusted
- Table 9. Layoffs and discharges levels (1) and rates (2) by industry and region, not seasonally adjusted
- Table 10. Other separations levels (1) and rates (2) by industry and region, not seasonally adjusted
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Last Modified Date: April 08, 2009