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News Release Information

23-848-ATL
Friday, April 28, 2023

Contacts Technical information: Media contact:
  • (404) 893-4220

Tennessee Job Openings and Labor Turnover — February 2023

Tennessee had 246,000 job openings in February 2023, compared to 236,000 openings in January, the U.S. Bureau of Labor Statistics reported today. (See table 1.) Regional Commissioner Victoria G. Lee noted that the job openings rate in Tennessee was 6.9 percent in February and 6.7 percent in the previous month. (See chart 1 and table 2.) The job openings rate nationally was 6.0 percent in February and 6.4 percent in January. (See table 3.) All data in this release are seasonally adjusted.


The ratio of unemployed persons per job opening in Tennessee was 0.5 in February. Nationwide, 31 states and the District of Columbia had ratios in February that were lower than the national measure of 0.6 unemployed persons per job opening; 12 states had ratios that were higher than the national ratio, and 7 states had ratios equal to the national measure. (See map 1.)

Map 1. Number of unemployed persons per job opening by state, February 2023, seasonally adjusted

(U.S. ratio = 0.6)

 

In February, Tennessee had 150,000 hires and 155,000 separations, compared to 160,000 hires and 144,000 separations in January. (See chart 2.) Over the 12 months ending in February, hires and separations have each averaged 156,000 per month. These averages include workers who may have been hired and separated more than once during the year.


Among the February separations in Tennessee, 112,000 were quits and 32,000 were layoffs and discharges, compared to 103,000 quits and 35,000 layoffs and discharges in January. (See chart 3.) Over the last 12 months, quits averaged 111,000 per month, ranging from 102,000 to 125,000. Layoffs and discharges have averaged 38,000 per month, ranging from 30,000 to 56,000.

The Job Openings and Labor Turnover Survey State estimates for March 2023 are scheduled to be released on Wednesday, May 17, 2023, at 10:00 a.m. (ET).

Upcoming Changes to Annual Estimates for States from the Job Openings and Labor Turnover Survey

Effective with the release of May 2023 data on July 26, 2023, the Job Openings and Labor Turnover Survey (JOLTS) state estimates will be benchmarked, estimation methodology to reduce variance will be modified, and 2022 state annual estimate will be published. The State Job Openings and Labor Turnover Summary has additional information.

Additional information about 2023 changes to State and National JOLTS estimates, including the annual average calculation method, is available online.


Technical Note

This news release presents statistics from the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program provides information on labor demand and turnover. The state estimates produced by JOLTS are model-based incorporating JOLTS sample, Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) estimates. For more information see the JOLTS State Estimates Methodology.

Job Openings. Job openings include all positions that are open on the last business day of the reference month. A job is open only if it meets all three of these conditions:

  • A specific position exists and there is work available for that position.
  • The job could start within 30 days.
  • The employer is actively recruiting workers from outside the establishment to fill the position.

The number of unemployed persons per job opening is a ratio of the level of unemployed persons and the level of job openings. The number of unemployed persons at the national level is an estimate from the Current Population Survey (CPS), while state-level unemployment estimates are modeled by the Local Area Unemployment Statistics (LAUS) program. A ratio of 1.0 means there is a job available for every unemployed person. Lower ratios signal tighter labor markets, where firms have more job openings than there are unemployed persons available to work. Higher ratios indicate there are more unemployed persons competing for each job opening.

Hires. Hires include all additions to the payroll during the entire reference month.

Separations. Separations include all separations from the payroll during the entire reference month and is reported by type of separation: quits, layoffs and discharges, and other separations.

  • Quits include employees who left voluntarily, except for retirements or transfers to other locations.
  • Layoffs and discharges include involuntary separations initiated by the employer.
  • Other separations include retirements, transfers to other locations, separations due to employee disability, and deaths.

Levels and rates of other separations represent a small portion of total separations and are not published with the release of state estimates.

Complete definitions, including exclusions, and additional information about the State JOLTS data presented in this release are available in the State Job Openings and Labor Turnover Technical Note.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Job openings and labor turnover for Tennessee, seasonally adjusted (in thousands)
EstimateFebruary 2022November 2022December 2022January 2023February 2023(p)Change from January 2023 to February 2023(p)

Openings

26125926323624610

Hires

164162161160150-10

Total separations

15416815014415511

Quits

1081221051031129

Layoffs & discharges

3840353532-3

Footnotes:
(p) Preliminary.


Table 2. Job openings and labor turnover rates for Tennessee, seasonally adjusted
EstimateFebruary 2022November 2022December 2022January 2023February 2023(p)Change from January 2023 to February 2023(p)

Openings(1)

7.67.37.46.76.90.2

Hires(2)

5.15.04.94.84.5-0.3

Total separations(3)

4.85.14.64.44.70.3

Quits(3)

3.43.73.23.13.40.3

Layoffs & discharges(3)

1.21.21.11.11.0-0.1

Footnotes:
(p) Preliminary.
(1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100.
(2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100.
(3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.


Table 3. Job openings and labor turnover rates for the United States, seasonally adjusted
EstimateFebruary 2022November 2022December 2022January 2023February 2023(p)Change from January 2023 to February 2023(p)

Openings(1)

7.16.56.86.46.0-0.4

Hires(2)

4.54.14.04.14.0-0.1

Total separations(3)

4.03.93.83.83.7-0.1

Quits(3)

2.92.72.62.52.60.1

Layoffs & discharges(3)

0.91.01.01.11.0-0.1

Footnotes:
(p) Preliminary.
(1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100.
(2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100.
(3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

 

Last Modified Date: Friday, April 28, 2023