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mahatmakanejeeves

(61,347 posts)
Tue Nov 1, 2022, 09:01 AM Nov 2022

BLS Report: September job openings increase; hires edge down, and total separations decrease

Last edited Tue Nov 1, 2022, 09:39 AM - Edit history (2)

Related:

Wed Jan 27, 2021: BLS Report: Gross job losses 20.4 million and gross job gains 5.7 million in the 2nd quarter of 2020

People come; people go.

This is JOLTS, the Job Openings and Labor Turnover Survey. It comes out a few days after the monthly payroll employment report.

The number of quits indicates how confident people are of finding another job if they leave the one they have.

Previous reports:

Tue Oct 4, 2022: BLS Report: August job openings decrease; hires and total separations change little (this one)

Tue Aug 30, 2022: BLS Report: July job openings change little; hires and total separations also change little

Tue Aug 30, 2022: Job vacancies rose in July, dashing Fed hopes for cooling (in LBN)

Tue Aug 2, 2022: U.S. job openings at nine-month low; labor market still tight (in LBN)

Wed Jul 6, 2022: BLS Report: May job openings decrease; hires and total separations change little

Wed Jun 1, 2022: BLS Report: April job openings decrease; layoffs and discharges edge down to series low

Tue May 3, 2022: BLS Report: March job openings and quits reach series highs; total separations edge up

Tue Mar 29, 2022: BLS Report: February job openings and total separations change little; hires edge up

Wed Mar 9, 2022: BLS Report: January job openings, hires, and total separations change little

Tue Feb 9, 2021: BLS Report: Job openings and total separations little changed in December; hires decrease

Tue Jan 4, 2022: Job openings reach 10.6 million in November as tight labor market persists

Wed Dec 8, 2021: BLS Report: October job openings increase, total separations edge down, and hires change little

Fri Nov 12, 2021: BLS Report: September job openings and hires little changed, quits at a series high

Tue Oct 12, 2021: BLS Report: August job openings and hires decrease; total separations little changed

Wed Sep 8, 2021: BLS Report: July job openings increase to series high; hires and total separations little changed

{snip the rest}

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September job openings increase; hires edge down, and total separations decrease

Job openings increased to 10.7 million on the last business day of September. Hires edged down to 6.1 million, while total separations decreased to 5.7 million.

Economic News Release USDL-22-2094

Job Openings and Labor Turnover Summary
For release 10:00 a.m. (ET) Tuesday, November 1, 2022
Technical information: (202) 691-5870 • JoltsInfo@bls.gov • www.bls.gov/jlt
Media contact: (202) 691-5902 • PressOffice@bls.gov

JOB OPENINGS AND LABOR TURNOVER – SEPTEMBER 2022

The number of job openings increased to 10.7 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. The number of hires edged down to 6.1 million, while total separations decreased to 5.7 million. Within separations, quits (4.1 million) changed little and layoffs and discharges (1.3 million) edged down. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.

Job Openings

On the last business day of September, the number of job openings increased to 10.7 million (+437,000), partially offsetting a sharp decline in August. The rate changed little at 6.5 percent in September but was 0.8 percentage point lower than its peak in March 2022. In September, the largest increases in job openings were in accommodation and food services (+215,000); health care and social assistance (+115,000); and transportation, warehousing, and utilities (+111,000). The number of job openings decreased in wholesale trade (-104,000) and in finance and insurance (-83,000). (See table 1.)

Hires

In September, the number of hires edged down to 6.1 million and the rate changed little at 4.0 percent. Hires decreased in durable goods manufacturing (-57,000) and in state and local government education (-40,000). (See table 2.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. 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 September, the number and rate of total separations decreased to 5.7 million (-370,000) and 3.7 percent, respectively. Total separations decreased in accommodation and food services (-103,000); transportation, warehousing, and utilities (-42,000); and durable goods manufacturing (-38,000).
(See table 3.)

In September, the number of quits changed little at 4.1 million, and the rate was 2.7 percent for the third month in a row. Quits decreased in construction (-56,000); transportation, warehousing, and utilities (-35,000); and durable goods manufacturing (-28,000). Quits increased in state and local government, excluding education (+15,000). (See table 4.)

In September, the number of layoffs and discharges edged down to 1.3 million and the rate changed little at 0.9 percent. Layoffs and discharges changed little in all industries. (See table 5.)

The number of other separations decreased in September to 299,000 (-84,000). Other separations decreased in health care and social assistance (-31,000); professional and business services (-28,000); and finance and insurance (-20,000). Other separations increased in other services (+13,000) and federal government (+3,000). (See table 6.)

Establishment Size Class

In September, the job openings rate decreased in establishments with 5,000 or more employees. The quits rate decreased in establishments with 50 to 249 employees. For a more in-depth description of the JOLTS establishment size class estimates, please visit www.bls.gov/jlt/sizeclassmethodology.htm.
____________
The Job Openings and Labor Turnover Survey estimates for October 2022 are scheduled to be released on Wednesday, November 30, 2022, at 10:00 a.m. (ET).

{snip}

OEUS/JOLTS, PSB Suite 4840
PSB Suite 4160
2 Massachusetts Avenue NE
Washington, DC 20212-0001
Telephone:1-202-691-5870
www.bls.gov/JLT
Contact JOLTS

* * * * *

[center]Facilities for Sensory Impaired[/center]

Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.

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