JOB OPENINGS AND LABOR TURNOVER
On the last business day of August 2007, there were 4.1 million job openings in the United States, and the job openings rate was 2.9 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.
Job Openings - In August, the job openings rate remained at 2.9 percent. Regionally, the job openings rate declined in the Northeast and West. Over the year, the job openings rate rose in finance and insurance. The rate fell in natural resources and mining; transportation, warehousing, and utilities; and information. Regionally, the job openings rate fell over the year in the Northeast and Midwest.
Hires - The hires rate changed little at 3.4 percent in August, and the hires rate did not change significantly in any industry or region. From August 2006 to August 2007, the hires rate increased in nondurable manufacturing; finance and insurance; and federal government. The hires rate decreased in durable manufacturing; retail trade; transportation, warehousing, and utilities; and state and local government. Regionally, the hires rate fell over the year in the South.
Job Openings - In August, the job openings rate remained at 2.9 percent. Regionally, the job openings rate declined in the Northeast and West. Over the year, the job openings rate rose in finance and insurance. The rate fell in natural resources and mining; transportation, warehousing, and utilities; and information. Regionally, the job openings rate fell over the year in the Northeast and Midwest.
Hires - The hires rate changed little at 3.4 percent in August, and the hires rate did not change significantly in any industry or region. From August 2006 to August 2007, the hires rate increased in nondurable manufacturing; finance and insurance; and federal government. The hires rate decreased in durable manufacturing; retail trade; transportation, warehousing, and utilities; and state and local government. Regionally, the hires rate fell over the year in the South.
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