BLS Report: August job openings decrease; hires and total separations change little
Related:
Wed Jan 27, 2021: BLS Report: Gross job losses 20.4 million and gross job gains 5.7 million in the 2nd quarter of 2020
People come; people go.
This is JOLTS, the Job Openings and Labor Turnover Survey. It comes out a few days after the monthly payroll employment report.
The number of quits indicates how confident people are of finding another job if they leave the one they have.
Previous reports:
Tue Oct 4, 2022: BLS Report: August job openings decrease; hires and total separations change little (this one)
Tue Aug 30, 2022: BLS Report: July job openings change little; hires and total separations also change little
Tue Aug 30, 2022: Job vacancies rose in July, dashing Fed hopes for cooling (in LBN)
Tue Aug 2, 2022: U.S. job openings at nine-month low; labor market still tight (in LBN)
Wed Jul 6, 2022: BLS Report: May job openings decrease; hires and total separations change little
Wed Jun 1, 2022: BLS Report: April job openings decrease; layoffs and discharges edge down to series low
Tue May 3, 2022: BLS Report: March job openings and quits reach series highs; total separations edge up
Tue Mar 29, 2022: BLS Report: February job openings and total separations change little; hires edge up
Wed Mar 9, 2022: BLS Report: January job openings, hires, and total separations change little
Tue Feb 9, 2021: BLS Report: Job openings and total separations little changed in December; hires decrease
Tue Jan 4, 2022: Job openings reach 10.6 million in November as tight labor market persists
Wed Dec 8, 2021: BLS Report: October job openings increase, total separations edge down, and hires change little
Fri Nov 12, 2021: BLS Report: September job openings and hires little changed, quits at a series high
Tue Oct 12, 2021: BLS Report: August job openings and hires decrease; total separations little changed
Wed Sep 8, 2021: BLS Report: July job openings increase to series high; hires and total separations little changed
Mon Aug 9, 2021: BLS Report: June job openings increase to series high; hires increase and total separations edge up
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August job openings decrease; hires and total separations change little
Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Tuesday, October 4, 2022
Technical information: (202) 691-5870 • JoltsInfo@bls.gov • www.bls.gov/jlt
Media contact: (202) 691-5902 • PressOffice@bls.gov
JOB OPENINGS AND LABOR TURNOVER – AUGUST 2022
The number of job openings decreased to 10.1 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.3 million and 6.0 million, respectively. Within separations, quits (4.2 million) and layoffs and discharges (1.5 million) were little changed. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.
Job Openings
On the last business day of August, the number and rate of job openings decreased to 10.1 million (-1.1 million) and 6.2 percent, respectively. The largest decreases in job openings were in health care and social assistance (-236,000), other services (-183,000), and retail trade (-143,000). (See table 1.)
Hires
In August, the number of hires was little changed at 6.3 million, and the rate was unchanged at 4.1 percent. Hires decreased in federal government (-8,000). (See table 2.)
Separations
Total separations includes quits, layoffs and discharges, and other separations. 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 includes separations due to retirement, death, disability, and transfers to other locations of the same firm.
In August, the number and rate of total separations were little changed at 6.0 million and 3.9 percent, respectively. Total separations increased in accommodation and food services (+175,000). (See table 3.)
In August, the number of quits was little changed at 4.2 million, and the rate was unchanged at 2.7 percent. Quits increased in accommodation and food services (+119,000) but decreased in professional and business services (-94,000). (See table 4.)
In August, the number and rate of layoffs and discharges were little changed at 1.5 million and 1.0 percent, respectively. Layoffs and discharges were little changed in all industries. (See table 5.)
The number of other separations was little changed in August at 358,000. Other separations decreased in information (-6,000) and in federal government (-3,000). (See table 6.)
Establishment Size Class
In August, the job openings rate decreased in all establishment size classes except those with 9 or less employees, which changed little. Both the layoffs and discharges rate and the total separations rate decreased in establishments with 250 to 999 employees. The quits rate increased in establishments with 1,000 to 4,999 employees. For a more in-depth description of the JOLTS establishment size class estimates, please visit www.bls.gov/jlt/sizeclassmethodology.htm.
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The Job Openings and Labor Turnover Survey estimates for September 2022 are scheduled to be released on Tuesday, November 1, 2022, at 10:00 a.m. (ET).
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