- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
by Tom Moeller January 12, 2016
The job openings rate increased to 3.7% during November from 3.6% in October. The latest figure compared to 3.4% one year earlier, but was down from the expansion high of 3.8% reached during July. The private sector job openings rate of 3.9% compared to 2.2% in the public sector. 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. Employers are having moderate difficulty finding workers. The hires rate held at 3.6% for the fifth straight month, down from the 3.7% high reached in June. The private sector rate of 4.0% compared to 1.6% in the public sector. The hires rate is the number of hires during the month divided by employment. The Bureau of Labor Statistics reports these figures in its Job Openings & Labor Turnover Survey (JOLTS).
The actual number of job openings fell 1.5% m/m to 5.431 million. They remained 11.2% higher versus last year. An 11.3% y/y rise in private sector openings was led by a 34.2% y/y surge in health care & social assistance. That was followed by 24.0% y/y growth in leisure & hospitality and a 9.8% improvement in professional & business services. Retail trade openings grew 7.0% y/y while openings rose 3.8% in construction. Factory sector openings declined 11.4% y/y. In the government sector, job openings increased 9.5% y/y.
The number of hires increased 0.6% m/m to 5.197 million (3.4% y/y). Private sector hiring grew 2.9% y/y, reflecting an 11.6% increase in leisure & hospitality hiring and a 10.1% y/y gain in the number of construction sector jobs. Health care & social assistance jobs grew 6.4% and professional & business services jobs improved 3.2% y/y. The factory sector added 1.9% more workers but retail trade jobs declined 2.6% y/y. Government sector hiring grew 10.6% y/y.
The total job separations rate rose to 3.5% after four months at 3.4%. That was down from a 3.6% March high. The actual number of separations increased 6.5% y/y. Factory sector separations jumped 22.3% y/y while education & health care separations gained 14.2% y/y. Professional & business services separations increased 10.3% y/y and leisure & hospitality separations rose 8.8% y/y. Retail trade separations rose 0.3% y/y. Separations include quits, layoffs, discharges, and other separations as well as retirements.
The layoff & discharge rate remained at 1.2% m/m but was up from 1.1% last November. The private sector rate of 1.3% compared to 0.5% in the public sector. Layoffs overall rebounded 5.4% y/y in the private sector but jumped 14.9% y/y in the public sector.
The JOLTS survey dates to December 2000 and the figures are available in Haver's USECON database.
|JOLTS (Job Openings & Labor Turnover Survey, SA)||Nov||Oct||Sep||Nov '14||2014||2013||2012|
|Job Openings, Total|
|Layoffs & Discharges, Total|