Job openings and labor turnover in 2007

February 13, 2008

From December 2006 to December 2007, the job openings, hires, and total separations rates all fell significantly for the total nonfarm sector.

Job openings, hires, and total separations rates, December 2006-December 2007
[Chart data—TXT]

On the last business day of December 2007, there were 4.0 million job openings in the United States, and the job openings rate was 2.8 percent. The job openings rate was 3.1 percent in December 2006.

The hires rate was 3.3 percent in December 2007, down from 3.6 percent a year earlier. The hires rate did not increase significantly in any industry or region over the year.

The total separations, or turnover, rate fell to 3.1 percent in December 2007 from 3.3 percent in December 2006. Over the year, the total separations rate rose in federal government; the rate fell in durable goods manufacturing, information, and finance and insurance.

These data come from the BLS Job Openings and Labor Turnover Survey. To learn more, see "Job Openings and Labor Turnover Summary: December 2007" (PDF) (HTML), news release USDL 08-0201. These data are seasonally adjusted. Data for the most recent month are preliminary.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Job openings and labor turnover in 2007 on the Internet at http://www.bls.gov/opub/ted/2008/feb/wk2/art03.htm (visited July 30, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • 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.