• U.S. Labor Turnover – September 2012

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September Total Turnover: U.S. employers experienced the loss of 4.279 million workers during September; this included 2.150 million quits, 1.789 million layoffs and discharges, and 0.340 million “other” separations. September’s turnover was lower than that of the prior month’s 5.142 million, and that of the same month a year ago, 4.395 million. This yielded a monthly turnover level of 3.2% [the number of total separations during the entire month as a percent of total employment]…or 38.4% annualized. September Quits: The monthly quit rate in September was 1.6%. This is down from 2.1% in the prior month, and up from 1.7% in September 2011. For the Past 12 Months: Total turnover is 37.2%, down from 37.3% in the prior month and up from 36.2% a year ago. The quit rate on annual basis for the last year is 18.7%, down from 18.8% last month and up from 17.6% a year ago. Quits: …which composed only 44.5% of total turnover two years ago…now account for 50.3% of total separations. SOURCE: USDOL-BLS

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