- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
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|