- 04 Sep '20 at 4:30 pm #24535TradersComKeymaster
he US Labor Department reported another new 1.371…
[article]2183[/article]09 Sep '20 at 10:12 pm #24557Helmholtz WatsonParticipant
July JOLTS US job openings 6618K v 6000K expected
Prior 5889K revised to 6001K
Hires decreased to 5.8 million. 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.
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 |
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.)
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.
In July, the number and rate of total separations was little changed at 5.0 million and 3.6 percent,
respectively. Total separations increased in retail trade (+112,000) and in state and local government
education (+49,000). The number of total separations decreased in durable goods manufacturing
(-44,000). Total separations was little changed in all four regions. (See table 3.)
In July, the number and rate of quits increased to 2.9 million (+344,000) and 2.1 percent, respectively.
Quits increased in retail trade (+152,000), professional and business services (+98,000), and state and
local government education (+35,000). The number of quits increased in the Midwest and West regions.
(See table 4.)
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