Economic Jolt: Job Openings and Labor Turnover October 2011

Today, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” declined 3.20% since September climbing 13.55% above the level seen in October 2010 while private non-farm job “hires” declined 2.65% from September and rose 5.64% above the level seen in October 2010

Job “layoffs and discharges” declined 6.92% from September falling 2.61% below the level seen last year while quitting activity declined 3.56% from September remaining 9.85% above the level seen in October 2010.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).

Economic Jolt: Job Openings and Labor Turnover September 2011

Today, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” increased 6.75% since August climbing 23.01% above the level seen in September 2010 while private non-farm job “hires” increased 5.26% from August climbing 10.24% above the level seen in September 2010

Job “layoffs and discharges” climbed 3.47% from August climbing 7.91% above the level seen last year while quitting activity increased 2.33% from August and 12.19% above the level seen in September 2010.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).

Economic Jolt: Job Openings and Labor Turnover July 2011

Yesterday, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” increased 2.29% since June climbing 15.26% above the level seen in July 2010 while private non-farm job “hires” declined 2.03% from June remaining 1.92% above the level seen in July 2010

Job “layoffs and discharges” declined 3.65% from June falling 6.82% below the level seen last year while quitting activity increased 2.02% from June and 8.91% above the level seen in July 2010.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).

Economic Jolt: Job Openings and Labor Turnover May 2011

Yesterday, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” increased slightly rising 0.83% since April and climbing 9.66% above the level seen in May 2010 while private non-farm job “hires” increased 1.71% from April and 5.09% above the level seen in May 2010

Job “layoffs and discharges” jumped a whopping 13.21% from April increasing 0.18% above the level seen last year while quitting activity increased 6.60% from April and 4.39% above the level seen in May 2010.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).

Economic Jolt: Job Openings and Labor Turnover April 2011

Yesterday, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” declined 4.87% since March but climbed 10.89% above the level seen in April 2010 while private non-farm job “hires” declined 2.55% from March but 2.68% above the level seen in April 2010

Job “layoffs and discharges” declined 5.66% from March while dropping 3.28% below the level seen last year while quitting activity continues to declined 4.01% from March but remaining 6.85% above the level seen in April 2010.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).

Economic Jolt: Job Openings and Labor Turnover March 2011

Today, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” increased 2.78% since February climbing 23.22% above the level seen in March 2010 while private non-farm job “hires” increased 1.39% from February and 0.48% above the level seen in March 2010

Job “layoffs and discharges” declined 0.13% from February while dropping 9.46% below the level seen last year while quitting activity continues to climb increasing 2.01% from February and 8.67% above the level seen in March 2010.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).

Economic Jolt: Job Openings and Labor Turnover February 2011

Today, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” jumped a notable 14.10% since January climbing 27.79% above the level seen in February 2010 while private non-farm job “hires” increased a notable 4.33% since January climbing 4.65% above the level seen in February 2010 and job “layoffs and discharges” increased 2.14% since January while dropping 8.99% below the level seen last year.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).