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mahatmakanejeeves

(61,138 posts)
Tue Oct 29, 2024, 12:09 PM Oct 29

BLS Report: September job openings and hires change little; total separations unchanged

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.

September job openings and hires change little; total separations unchanged
The number of job openings was little changed at 7.4 million on the last business day of September. Over the month, hires changed little at 5.6 million, and the number of total separations was unchanged at 5.2 million.

Economic News Release USDL-24-2229

Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Tuesday, October 29, 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 – SEPTEMBER 2024

The number of job openings was little changed at 7.4 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.6 million. The number of total separations was unchanged at 5.2 million. Within separations, quits (3.1 million) and layoffs and discharges (1.8 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

The number of job openings was little changed at 7.4 million on the last business day of September but was down by 1.9 million over the year. The job openings rate, at 4.5 percent, changed little over the month. The number of job openings decreased in health care and social assistance (-178,000); state and local government, excluding education (-79,000); and federal government (-28,000) but increased in finance and insurance (+85,000). (See table 1.)

Hires

In September, the number and rate of hires changed little at 5.6 million and 3.5 percent, respectively. (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 September was unchanged at 5.2 million but was down by 326,000 over the year. The total separations rate was unchanged at 3.3 percent over the month. (See table 3.)

In September, the number of quits changed little at 3.1 million but was down by 525,000 over the year. Over the month, the quits rate was little changed at 1.9 percent. Quits decreased in professional and business services (-94,000) but increased in state and local government, excluding education (+22,000) and in real estate and rental and leasing (+18,000). (See table 4.)

In September, the number of layoffs and discharges changed little at 1.8 million but increased by 238,000 over the year. The layoffs and discharges rate increased to 1.2 percent in September. Layoffs and discharges increased in durable goods manufacturing (+46,000) but decreased in state and local government, excluding education (-20,000). (See table 5.)

The number of other separations changed little at 292,000 in September. (See table 6.)

Establishment Size Class

In September, establishments with 1 to 9 employees showed little or no change in job openings, hires, quits, and total separations rates, while the layoffs and discharges rate increased. For establishments with 5,000 or more employees, the job openings, hires, and total separations rates showed little or no change. (See table 7.)

August 2024 Revisions

The number of job openings for August was revised down by 179,000 to 7.9 million, the number of hires was revised up by 118,000 to 5.4 million, and the number of total separations was revised up by 171,000 to 5.2 million. Within separations, the number of quits was revised up by 94,000 to 3.2 million, and the number of layoffs and discharges was revised up by 60,000 to 1.7 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 October 2024 are scheduled to be released on Tuesday, December 3, 2024, at 10:00 a.m. (ET).

{snip a lot of tables}

* * * * *

Facilities for Sensory Impaired

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.

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Some previous reports. I don't post them every month anymore.

Tue Oct 29, 2024, 01:09 PM: BLS Report: September job openings and hires change little; total separations unchanged (this one)

Tue Oct 29, 2024, 12:24 PM: Consumer confidence surges as election nears, while job openings move lower

Tue Oct 1, 2024: BLS Report: August job openings, hires, and total separations change little; quits trend down

Tue Oct 1, 2024: US job openings rise to 8 million as labor market remains sturdy (in LBN)

Wed Sep 4, 2024, 12:07 PM: US job openings fall as demand for workers weakens (in LBN)

Wed Sep 4, 2024, 10:22 AM: BLS Report: July job openings and hires change little; total separations increase {this one}

Tue Jul 30, 2024: JOLTS - Job Opening & Labor Turnover - nice graph of Openings and Quits. A slight decline in labor mkt conditions

Tue Jul 2, 2024: BLS Report: May job openings, hires, and total separations change little

Wed Jun 5, 2024: BLS Report: April job openings, hires, and total separations change little

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

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

{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
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