U.S. Employment Trends

U.S. Job Openings at 4.0 Million on Last Business Day of March

There were 4.0 million job openings on the last business day of March, little changed from February. The hires rate (3.4 percent) and separations rate (3.2 percent) were unchanged. The quits rate (1.8 percent) was unchanged and the layoffs and discharges rate (1.1 percent) was little changed.

U.S. Bureau of Labor Statistics

JOB OPENINGS AND LABOR TURNOVER – MARCH 2014

There were 4.0 million job openings on the last business day of March, little changed from 4.1 million in
February, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.4 percent) and separations
rate (3.2 percent) were unchanged in March. Within separations, the quits rate (1.8 percent) was
unchanged and the layoffs and discharges rate (1.1 percent) was little changed in March. 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.

Job Openings

There were 4.0 million job openings in March, little changed from 4.1 million in February. The number
of job openings was little changed for total private and for government. The number of job openings was
little changed in all industries. The West region experienced a decrease in job openings in March. (See
table 1.)

The number of job openings (not seasonally adjusted) was little changed over the year ending in March
for total nonfarm, total private, and government. Over the year, the job openings level increased in three
industries and decreased in three industries. Over the 12 months ending in March, the number of job
openings increased in the Midwest region but decreased in the Northeast. (See table 7.)

Hires

There were 4.6 million hires in March, little changed from 4.7 million in February. The number of hires
was little changed for total private and for government. In March, the number of hires was little changed
in all industries and regions. (See table 2.)

Over the 12 months ending in March, the number of hires (not seasonally adjusted) increased for total
nonfarm and total private and was little changed for government. The hires level increased over the year
in four industries and decreased in construction. The number of hires rose in the South region. (See table
8.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Total separations is
referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore,
the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and
discharges are involuntary separations initiated by the employer. Other separations include separations
due to retirement, death, and disability, as well as transfers to other locations of the same firm.

There were 4.4 million total separations in March, little changed from February. The number of total
separations was essentially unchanged for total private and government. (See table 3.)

In March, the quits rate was unchanged at 1.8 percent for total nonfarm. The rate also was unchanged for
total private (2.0 percent) and government (0.6 percent). The quits rate was essentially unchanged over
the month in all industries and in all four regions. (See table 4.)

The number of quits (not seasonally adjusted) increased over the 12 months ending in March for total
nonfarm and total private. The quits level was little changed in government. The number of quits
increased in four industries and in the South and West regions over the year. (See table 10.)

The layoffs and discharges rate was little changed in March at 1.1 percent. The rate was unchanged over
the month for total private (1.3 percent) and government (0.4 percent). The layoffs and discharges rate
was unchanged in all four regions. Seasonally adjusted estimates of layoffs and discharges are not
available for individual industries. (See table 5.)

The layoffs and discharges level (not seasonally adjusted) was little changed over the 12 months ending
in March for total nonfarm, total private, and government. The number of layoffs and discharges
increased in mining and logging and information but decreased in other services and federal
government. The number of layoffs and discharges decreased in the Northeast region. (See table 11.)

In March, there were 381,000 other separations for total nonfarm, little changed from February. The
number of other separations was little changed over the month for total private and government. (See
table 6.) Seasonally adjusted estimates of other separations are not available for individual industries or
regions. Over the 12 months ending in March, the number of other separations (not seasonally adjusted)
was little changed for total nonfarm, total private, and increased for government. (See table 12.)

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net
employment change results from the relationship between hires and separations. When the number of
hires exceeds the number of separations, employment rises, even if the hires level is steady or declining.
Conversely, when the number of hires is less than the number of separations, employment declines, even
if the hires level is steady or rising. Over the 12 months ending in March 2014, hires totaled 54.7 million
and separations totaled 52.5 million, yielding a net employment gain of 2.2 million. These figures
include workers who may have been hired and separated more than once during the year.
____________
The Job Openings and Labor Turnover Survey results for April 2014 are scheduled to be released
on Tuesday, June 10, 2014 at 10:00 a.m. (EDT).



Logos, product and company names mentioned are the property of their respective owners.

comments powered by Disqus