• There were 5.250 million job openings [all data NSA] on the last business day of June, up 11.3% from the same month a year ago; the job openings rate was 3.5%.
• Hires were 5.939 million, up 7.8% from June 2014; the hires rate was 4.2%.
• Total separations were 5.108 million up 8.7% in the last 12 months. This yielded a “turnover” rate of 3.6% for the month…an annual equivalent of 43.2%.
• Within total separations, the 2.936 million quits [up 11.2%] yielded a quit rate of 2.1% percent and 1.709 million layoffs and discharges [up 4.2%] yielded a rate of 1.2%.
[1] The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job openings. [2] The hires rate is the number of hires during the entire month as a percent of total employment. [3] The total separations rate is the number of total separations during the entire month as a percent of total employment; includes quits. [4] The quits rate is the number of quits during the entire month as a percent of total employment; included in "total turnover."
Please visit this link to read the full report: USDOL-BLS
NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.
© 2015 Connecticut Human Resource Reports, LLC
URL: http://connecticuthumanresources.blogspot.com/
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