BLS Report: July job openings increase to series high; hires and total separations little changed
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:
Mon Aug 9, 2021: BLS Report: June job openings increase to series high; hires increase and total separations edge up
Wed Jul 7, 2021: BLS Report: May job openings and hires little changed; total separations decrease
Tue Jun 8, 2021: BLS Report: April job openings reach series high; total separations increase and hires little change
Tue May 11, 2021: BLS Report: March job openings reach a series high; hires and total separations little changed
Tue Apr 6, 2021: BLS Report: Job openings and hires edge up in February; total separations little changed
Fri Mar 12, 2021: BLS Report: Total separations decrease in January; job openings and hires change little
Tue Feb 9, 2021: BLS Report: Job openings and total separations little changed in December; hires decrease
Tue Jan 12, 2021: BLS Report: Job openings and hires little changed in November; total separations increase
Wed Dec 9, 2020: BLS Report: Job openings (6.7 million) and hires little changed; separations increase in October
Thu Nov 12, 2020: BLS Report: Job openings (6.4 million), hires, and separations little changed in September
Tue Oct 6, 2020: BLS Report: Job openings and hires little changed in August; total separations decrease
Thu Sep 10, 2020: BLS Report: Job openings rise in July, hires decrease, and total separations little changed
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
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July job openings increase to series high; hires and total separations little changed
Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Wednesday, September 8, 2021
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 2021
The number of job openings increased to a series high of 10.9 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.7 million and 5.8 million, respectively. Within separations, the quits rate was unchanged at 2.7 percent while the layoffs and discharges rate was little changed at 1.0 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, by four geographic regions, and by establishment size class.
Job Openings
On the last business day of July, the number and rate of job openings increased to series highs of 10.9 million (+749,000) and 6.9 percent, respectively. Job openings increased in several industries, with the largest increases in health care and social assistance (+294,000); finance and insurance (+116,000); and accommodation and food services (+115,000). The number of job openings increased in the Northeast, South, and West regions. (See table 1.)
Hires
In July, the number and rate of hires were little changed at 6.7 million and 4.5 percent, respectively. Hires decreased in retail trade (-277,000), durable goods manufacturing (-41,000), and educational services (-23,000). The number of hires increased in state and local government education (+33,000) and in federal government (+21,000). The number of hires was little changed in all four regions. (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 July, the number and rate of total separations were little changed at 5.8 million and 3.9 percent, respectively. The total separations level decreased in transportation, warehousing, and utilities (-43,000) and in federal government (-9,000). Total separations increased in the Northeast region. (See table 3.)
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The Job Openings and Labor Turnover Survey estimates for August 2021 are scheduled to be released on Tuesday, October 12, 2021 at 10:00 a.m. (ET).
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