Hires rate continues to decline
July 08, 2009
The hires rate, at 3.0 percent in May, 2009, was at the lowest point since the series began in December 2000.
In May, the hires rate declined significantly in retail trade but did not change significantly in the remaining industries.
The hires level decreased significantly over the year for total nonfarm, falling by 829,000 or 16 percent since May 2008. Total private and many industries showed significant declines in the hires rate including mining and logging; durable goods manufacturing; real estate and rental and leasing; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and state and local government.
Regionally, the hires rate dropped significantly over the past 12 months in the Midwest, South, and West, but not the Northeast.
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 2009 are preliminary and subject to revision. Find additional information in "Job Openings and Labor Turnover: May 2009" (PDF) (HTML), news release USDL 09-0778.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Hires rate continues to decline on the Internet at http://www.bls.gov/opub/ted/2009/jul/wk1/art03.htm (visited December 09, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.