Job Openings
Job openings rose to 5.4 million on the last business day of April, the highest point since the series began in December 2000. The job openings rate for April 2015 was 3.7 percent. The number of job openings increased for total private and was essentially unchanged for government. At the industry level, job openings rose over the month in health care and social assistance but fell in arts, entertainment, and recreation. In the regions, job openings increased in the West.
The number of job openings (not seasonally adjusted) increased over the 12 months ending in April for total nonfarm, total private, and government. Job openings increased over the year for many industries with the largest changes occurring in professional and business services and in health care and social assistance. Job openings decreased over the year in mining and logging and in arts, entertainment, and recreation. The number of job openings increased over the year in all four regions.
Hires
The number of hires was 5.0 million in April, little changed from March. The hires rate was 3.5 percent. The number of hires was little changed for total private and government in April. There was little change in the number of hires in all industries and regions over the month.
Over the 12 months ending in April, the number of hires (not seasonally adjusted) was little changed for total nonfarm and total private, and increased for government. At the industry level, hires increased in accommodation and food services and in state and local government. The number of hires decreased over the year in mining and logging and in arts, entertainment, and recreation. The number of hires was essentially unchanged over the year in all four regions.
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, and disability, as well as transfers to other locations of the same firm.
There were 4.9 million total separations in April, little changed from March. The separations rate was 3.5 percent. The number of total separations was little changed for total private and government, and in all industries and regions over the month.
There were 2.7 million quits in April, little changed from March. The quits rate in April was 1.9 percent. The number of quits was little changed for total private and government over the month. The number of quits did not increase over the month for any industries, but fell in retail trade and in accommodation and food services. In all four regions, the number of quits was little changed in April.
The number of quits (not seasonally adjusted) increased over the 12 months ending in April for total nonfarm, total private, and government. Over the year, quits increased in several industries with the largest rises occurring in durable goods manufacturing; finance and insurance; and health care and social assistance. The number of quits increased over the year in the South region.
There were 1.8 million layoffs and discharges in April, about the same as in March. The layoffs and discharges rate was 1.3 percent. The number of layoffs and discharges was little changed over the month for total private and government, and in all four regions.
Seasonally adjusted estimates of layoffs and discharges are not available for individual industries.
The number of layoffs and discharges (not seasonally adjusted) was little changed over the 12 months ending in April for total nonfarm, total private, and government. The number of layoffs and discharges increased over the year in mining and logging and in accommodation and food services, but decreased in health care and social assistance. There was little change in layoffs and discharges over the year in all four regions.
In April, there were 395,000 other separations for total nonfarm, about the same as in March. Over the month, the number of other separations was little changed for total private at 326,000 and for government at 69,000.
Seasonally adjusted estimates of other separations are not available for individual industries or regions.
Over the 12 months ending in April, the number of other separations (not seasonally adjusted) was little changed for total nonfarm, total private, and government, and in all industries and regions.
Net Change in Employment
Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in April 2015, hires totaled 60.0 million and separations totaled 57.2 million, yielding a net employment gain of 2.8 million. These totals include workers who may have been hired and separated more than once during the year.
