• U.S. Labor Turnover – August 2012

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August Total Turnover: U.S. employers experienced the loss of 5.124 million workers during August; this included 2.794 million quits, 1.940 million layoffs and discharges, and 0.390 million “other” separations. August’s turnover was higher than that of the prior month’s 4.552 million, and that of the same month a year ago, 4.856 million. This yielded a monthly turnover level of 3.9% [the number of total separations during the entire month as a percent of total employment]. Click on chart to enlarge August Quits: The monthly quit rate in August was 2.1%. This is up from 1.9% in the prior month, and up from 2.0% in August 2011. For the Past 12 Months: Total turnover is 37.3%, up from 37.1% in the prior month and from 36.0% a year ago. The quit rate on annual basis for the last year is 18.8%, up from 18.7% last month and 17.4% a year ago. Quits: …which composed only 48.3% of total turnover two years ago…now account for 50.4% of total separations. SOURCE: USDOL-BLS

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