BLS Report: February job openings and total separations change little; hires edge up
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:
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
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
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February job openings and total separations change little; hires edge up
Economic News Release USDL-22-0553
Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Tuesday, March 29, 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 – FEBRUARY 2022
The number of job openings was little changed at 11.3 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Hires edged up to 6.7 million while total separations were little changed at 6.1 million. Within separations, the quits rate was little changed at 2.9 percent and the layoffs and discharges rate was unchanged at 0.9 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 February, the number and rate of job openings were little changed at 11.3 million and 7.0 percent, respectively. Job openings decreased in finance and insurance (-63,000) and in nondurable goods manufacturing (-39,000). Job openings increased in arts, entertainment, and recreation (+32,000); educational services (+26,000); and federal government (+23,000). Job openings decreased in the Midwest region and increased in the West region. (See table 1.)
Hires
In February, the number of hires edged up to 6.7 million (+263,000). The hires rate was little changed at 4.4 percent. Hires increased in construction (+75,000). Hires decreased in information (-29,000). 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.
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The Job Openings and Labor Turnover Survey estimates for March 2022 are scheduled to be released on Tuesday, May 3, 2022 at 10:00 a.m. (ET).
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