New job openings and labor turnover survey
July 31, 2002
New data on job openings and labor turnover were introduced this week by the Bureau of Labor Statistics. Job openings are a measure of unmet labor demand and can be compared with unemployment, which measures unused labor supply.
The number and rate of job openings in May 2002 were substantially lower than a year earlier. On the last business day of May 2002, there were 3.5 million job openings, 2.6 percent of the number of total filled and unfilled positions (employment plus job openings) in the United States. This was down significantly from 4.3 million openings, or a job openings rate of 3.2 percent, in May 2001. Over the same period, the total U.S. unemployment rate (not seasonally adjusted) rose to 5.5 percent from 4.1 percent a year earlier.
These data are a product of the Job Openings and Labor Turnover Survey. Job openings refer to the number on the last business day of the month. Also, these data are not seasonally adjusted. Find additional information in "New Monthly Data Series on Job Openings and Labor Turnover Announced by BLS," USDL 02-412.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, New job openings and labor turnover survey on the Internet at http://www.bls.gov/opub/ted/2002/jul/wk5/art03.htm (visited February 11, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.