US Job Openings and Labor Turnover – Sept 2011

There were 3.4 million job openings on the last business day of September, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.2 percent) and separations rate (3.2 percent) were little changed over the month. The job openings rate has trended upward since the end of the recession in June 2009 (as determined by the National Bureau of Economic Research). This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by geographic region.

Large numbers of hires and separations occur every month. Over the 12 months ending in September 2011, hires totaled 48.3 million and separations totaled 47.0 million, yielding a net employment gain of 1.3 million based on not seasonally adjusted data. These figures include workers who may have been hired and separated more than once during the year.

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