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 March 04, 2015).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.