HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » BLS Report: Job openings...

Thu Sep 10, 2020, 10:26 AM

BLS Report: Job openings rise in July, hires decrease, and total separations little changed

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.

Wed Aug 12, 2020: BLS Report: Hires decrease in June; job openings, quits, and total separations rise

Tue Jul 7, 2020: BLS Report: Hires increase 2.4 million in May; job openings rise while layoffs and discharges fall

Wed Jun 10, 2020: BLS Report: Total separations fall in April to 9.9 million; job openings and hires also fall

Tue May 19, 2020: BLS Report: Total separations increase to a series high; job openings and hires decrease in March

Tue Apr 7, 2020: BLS Report: Job openings at 6.9 million, hires, and separations little changed in February

Tue Mar 17, 2020: BLS Report: Job openings rise to 7.0 million in January; hires and separations little changed

Wed Feb 12, 2020: BLS Report: Job openings fall to 6.4 million in December; hires and separations little changed

Tuesday, January 21, 2020 (a late release): BLS Report: Job openings fall to 6.8 million in November; hires and separations little changed

-- -- -- -- --

Job openings rise in July, hires decrease, and total separations little changed

Economic News Release USDL-20-1691

JOLTS JLT Program Links
Job Openings and Labor Turnover Summary

For release 10:00 a.m. (ET) Wednesday, September 9, 2020
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 – JULY 2020

The number of job openings increased to 6.6 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Hires decreased to 5.8 million in July. Total separations was little changed at 5.0 million. Within separations, the quits rate rose to 2.1 percent while the layoffs and discharges rate decreased to 1.2 percent. These changes in the labor market reflected an ongoing resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by four geographic regions.

Job Openings

On the last business day of July, the number and rate of job openings increased to 6.6 million (+617,000) and 4.5 percent, respectively. Job openings rose in a number of industries, with the largest increases in retail trade (+172,000), health care and social assistance (+146,000), and construction (+90,000). The number of job openings increased in the South and Midwest regions. (See table 1.)
_____________________________________________________________________________
Coronavirus (COVID-19) Pandemic Impact on July 2020 JOLTS Data

Data collection for the Job Openings and Labor Turnover Survey was affected by the coronavirus
(COVID-19) pandemic. More information is available at the end of this news release and at
www.bls.gov/covid19/job-openings-and-labor-turnover-covid19-july-2020.htm.
_____________________________________________________________________________

Hires

In July, the number and rate of hires decreased to 5.8 million (-1,183,000) and 4.1 percent, respectively. Over the year, the hires level was little changed. Hires decreased in a number of industries, with the largest fall in accommodation and food services (-599,000), followed by other services (-143,000), and health care and social assistance (-137,000). Hires increased in federal government (+33,000), largely because of Census hiring. Hires also increased in real estate and rental and leasing (+26,000). The number of hires decreased in all four regions. (See table 2.)

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 includes separations due to retirement, death, disability, and transfers to other locations of the same firm.

{snip}

____________
The Job Openings and Labor Turnover Survey estimates for August 2020 are scheduled to be
released on Tuesday, October 6, 2020 at 10:00 a.m. (ET).

* * * * *

[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.

4 replies, 325 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply BLS Report: Job openings rise in July, hires decrease, and total separations little changed (Original post)
mahatmakanejeeves Sep 10 OP
FM123 Sep 10 #1
progree Sep 10 #2
mahatmakanejeeves Sep 10 #4
progree Sep 10 #3

Response to mahatmakanejeeves (Original post)

Thu Sep 10, 2020, 10:37 AM

1. Very informative!

Thanks for the post.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mahatmakanejeeves (Original post)

Thu Sep 10, 2020, 10:43 AM

2. Unemployment insurance initial claims 884,000, continuing claims all programs: 29.6 M, up 0.4 M

Last edited Thu Sep 10, 2020, 01:59 PM - Edit history (1)

In related news, not good:

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS, Department of Labor, 9/10/20
https://www.dol.gov/ui/data.pdf
In the week ending September 5, the advance figure for seasonally adjusted initial claims was 884,000, unchanged from the previous week's revised level. The previous week's level was revised up by 3,000 from 881,000 to 884,000. The 4-week moving average was 970,750, a decrease of 21,750 from the previous week's revised average. The previous week's average was revised up by 750 from 991,750 to 992,500.

The advance seasonally adjusted insured unemployment rate was 9.2 percent for the week ending August 29, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 29 was 13,385,000, an increase of 93,000 from the previous week's revised level. The previous week's level was revised up 38,000 from 13,254,000 to 13,292,000. The 4-week moving average was 13,982,000, a decrease of 523,750 from the previous week's revised average. The previous week's average was revised up by 9,500 from 14,496,250 to 14,505,750.

The total number of people claiming benefits in all programs for the week ending August 22 was 29,605,064, an increase of 380,379 from the previous week. There were 1,591,456 persons claiming benefits in all programs in the comparable week in 2019. ((this paragraph is not seasonally adjusted. They don't have a seasonally adjusted version of this number -Progree))

Reply to this post

Back to top Alert abuse Link here Permalink


Response to progree (Reply #2)

Thu Sep 10, 2020, 11:02 AM

4. Oh, darn. I forgot all about that. Thanks. NT

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mahatmakanejeeves (Original post)

Thu Sep 10, 2020, 10:53 AM

3. JOLTS - mini-summary: Hires: June: 7.0M, July: 5.8M. Separations: July: 5.0M

https://kstp.com/business/us-job-postings-rise-to-66-million-in-july/5856646/
U.S. job postings rise to 6.6 million in July, AP, 9/9/20

The Labor Department said Wednesday that the number of U.S. job postings on the last day of July rose to 6.6 million from 6 million at the end of June. A year earlier, employers posted 7.2 million job openings.

Hiring dropped to 5.8 million from 7 million in June. The number of Americans laid off or discharged fell to 1.7 million from nearly 2 million in June.

Nearly 3.4 million quit their jobs in July, up from 2.8 million in June. The uptick was unusual because people are usually reluctant to leave jobs when the job market is weak. But some people appear to be staying home to avoid infections and others are taking care of children who can't go back to school because of the pandemic.

In July, the number and rate of total separations ((layoffs / discharged / quits -Progree)) was little changed at 5.0 million and 3.6 percent, respectively.


Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread