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Tuesday, August 12, 2014

BLS: Jobs Openings Iincrease

Bill McBride at Calculated Risk:

BLS: Jobs Openings increased to 4.7 million in June, Highest since 2001: From the BLS: Job Openings and Labor Turnover Summary

There were 4.7 million job openings on the last business day of June, little changed from 4.6 million in May, the U.S. Bureau of Labor Statistics reported today. ...
...
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. ... The number of quits (not seasonally adjusted) increased over the 12 months ending in June for total nonfarm and total private. The number of quits was little changed for government.

... Jobs openings increased in June to 4.671 million from 4.577 million in May. This is the highest level since February 2001. The number of job openings ... are up 18% year-over-year compared to June 2013. Quits are up 15% year-over-year. These are voluntary separations. ...

It is a good sign that job openings are over 4 million for the fifth consecutive month, and that quits are increasing.

    Posted by on Tuesday, August 12, 2014 at 07:38 AM in Economics, Unemployment | Permalink  Comments (2)

          


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