The number of job openings was little changed at 7.6 million on the last business…
The number of job openings was little changed at 7.6 million on the last business day of January, the U.S. Bureau of Labor Statistics reports.
Over the month, hires and separations were little changed at 5.8 million and 5.6 million, respectively.
Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little changed at 1.1 percent.
The job openings rate was 4.8 percent. The number of job openings was little changed for total private and increased for government (+59,000).
Job openings increased in a number of industries, with the largest increases in wholesale trade (+91,000), real estate and rental and leasing (+60,000), and information (+42,000).
The job openings level decreased in other services (-98,000), retail trade (-97,000), and arts, entertainment, and recreation (-40,000). The number of job openings was little changed in all four regions.
The number of hires was little changed at 5.8 million in January. The hires rate was 3.9 percent. The hires level was little changed for total private and for government. The number of hires was little changed in all industries and all four regions.
Despite all this “not changed much” data regarding turnover, the number of actual job gains plunged dramatically in February. It almost makes one think the data was a bit “noisy”. We’ll wait with baited breath for the March jobs report.