Hires rate down in May 2008
July 10, 2008
The hires rate for the total nonfarm sector decreased significantly over the month to 3.1 percent in May 2008, the lowest point since June 2003. The rate in April 2008 was 3.4 percent.
After four months of no significant over-the-month changes in any industry, the hires rate fell between April and May for the total private sector, construction, and trade, transportation, and utilities, as well as total nonfarm.
The hires rate is the number of hires as a percent of total employment. Hires are any additions to the payroll during the month.
These data come from the Job Openings and Labor Turnover Survey. The above data are seasonally adjusted. Data for May 2008 are preliminary and subject to revision. Find additional information in "Job Openings and Labor Turnover: May 2008," (PDF) (HTML) news release USDL 08-0942.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Hires rate down in May 2008 on the Internet at http://www.bls.gov/opub/ted/2008/jul/wk1/art04.htm (visited August 27, 2016).
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.