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BLS Report: April job openings, hires, and total separations change little
Hat tip, BRDS
Tue Jun 4, 2024: US job openings drop in April, as labor market normalizes (in LBN)
People come; people go.
This is JOLTS, the Job Openings and Labor Turnover Survey. It used to come out a few days after the monthly payroll employment report, but now it seems to run on its own schedule.
The number of quits indicates how confident people are of finding another job if they leave the one they have.
April job openings, hires, and total separations change little
Economic News Release USDL-24-1088
Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Tuesday, June 4, 2024
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 – APRIL 2024
The number of job openings changed little at 8.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of hires and total separations were little changed at 5.6 million and 5.4 million, respectively. Within separations, quits (3.5 million) and layoffs and discharges (1.5 million) changed little. 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 April, the number of job openings changed little at 8.1 million; this measure was down by 1.8 million over the year. The rate was little changed at 4.8 percent in April. Job openings decreased in health care and social assistance (-204,000) and in state and local government education (-59,000) but increased in private educational services (+50,000). (See table 1.)
Hires
In April, the number of hires was little changed at 5.6 million. The rate held at 3.6 percent. Hires increased in durable goods manufacturing (+52,000), but decreased in arts, entertainment, and recreation (-45,000) and in federal government (-8,000). (See table 2.)
Separations
Total separations include 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 include separations due to retirement, death, disability, and transfers to other locations of the same firm.
The number of total separations in April changed little at 5.4 million, and the rate was unchanged at 3.4 percent. Over the month, the number of total separations increased in durable goods manufacturing (+49,000). (See table 3.)
In April, the number of quits was little changed at 3.5 million, and the rate was 2.2 percent for the sixth month in a row. The number of quits decreased in professional and business services (-131,000), but increased in other services (+67,000), durable goods manufacturing (+39,000), and state and local government education (+32,000). (See table 4.)
In April, the number of layoffs and discharges changed little at 1.5 million, and the rate held at 1.0 percent. The number of layoffs and discharges decreased in arts, entertainment, and recreation (-37,000). (See table 5.)
The number of other separations was little changed in April at 349,000. (See table 6.)
Establishment Size Class
In April, for establishments with 1 to 9 employees, the job openings rate, hires rate, and total separations rate changed little. For establishments with 5,000 or more employees, the hires rate increased while the job openings rate and total separations rate changed little. (See table 7.)
March 2024 Revisions
The number of job openings for March was revised down by 133,000 to 8.4 million, the number of hires was revised up by 117,000 to 5.6 million, and the number of total separations was revised up by 130,000 to 5.3 million. Within separations, the number of quits was revised up by 80,000 to 3.4 million and the number of layoffs and discharges was revised up by 75,000 to 1.6 million. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
____________
The Job Openings and Labor Turnover Survey estimates for May 2024 are scheduled to be released on Tuesday, July 2, 2024, at 10:00 a.m. (ET).
{snip a lot of tables}
Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Tuesday, June 4, 2024
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 – APRIL 2024
The number of job openings changed little at 8.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of hires and total separations were little changed at 5.6 million and 5.4 million, respectively. Within separations, quits (3.5 million) and layoffs and discharges (1.5 million) changed little. 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 April, the number of job openings changed little at 8.1 million; this measure was down by 1.8 million over the year. The rate was little changed at 4.8 percent in April. Job openings decreased in health care and social assistance (-204,000) and in state and local government education (-59,000) but increased in private educational services (+50,000). (See table 1.)
Hires
In April, the number of hires was little changed at 5.6 million. The rate held at 3.6 percent. Hires increased in durable goods manufacturing (+52,000), but decreased in arts, entertainment, and recreation (-45,000) and in federal government (-8,000). (See table 2.)
Separations
Total separations include 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 include separations due to retirement, death, disability, and transfers to other locations of the same firm.
The number of total separations in April changed little at 5.4 million, and the rate was unchanged at 3.4 percent. Over the month, the number of total separations increased in durable goods manufacturing (+49,000). (See table 3.)
In April, the number of quits was little changed at 3.5 million, and the rate was 2.2 percent for the sixth month in a row. The number of quits decreased in professional and business services (-131,000), but increased in other services (+67,000), durable goods manufacturing (+39,000), and state and local government education (+32,000). (See table 4.)
In April, the number of layoffs and discharges changed little at 1.5 million, and the rate held at 1.0 percent. The number of layoffs and discharges decreased in arts, entertainment, and recreation (-37,000). (See table 5.)
The number of other separations was little changed in April at 349,000. (See table 6.)
Establishment Size Class
In April, for establishments with 1 to 9 employees, the job openings rate, hires rate, and total separations rate changed little. For establishments with 5,000 or more employees, the hires rate increased while the job openings rate and total separations rate changed little. (See table 7.)
March 2024 Revisions
The number of job openings for March was revised down by 133,000 to 8.4 million, the number of hires was revised up by 117,000 to 5.6 million, and the number of total separations was revised up by 130,000 to 5.3 million. Within separations, the number of quits was revised up by 80,000 to 3.4 million and the number of layoffs and discharges was revised up by 75,000 to 1.6 million. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
____________
The Job Openings and Labor Turnover Survey estimates for May 2024 are scheduled to be released on Tuesday, July 2, 2024, at 10:00 a.m. (ET).
{snip a lot of tables}
* * * * *
[center]Facilities for Sensory Impaired[/center]
Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.
-- -- -- -- -- --
Some previous reports. I don't post them every month anymore.
Wed May 1, 2024: BLS Report: March job openings and hires change little; total separations decrease
Wed May 1, 2024, 12:28 PM: US job openings fall to 8.5 million in March, the lowest level in more than 3 years (in LBN)
Tue Apr 2, 2024, 03:39 PM: BLS Report: February job openings, hires, and total separations change little
Tue Apr 2, 2024, 03:22 PM: Job openings data shows US labor market remains 'quite healthy' (in LBN)
Wed Jan 3, 2024: BLS Report: Hires and total separations decrease in November; job openings change little
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
{snip the rest}
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