The number of job openings was little changed at 11.2 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.4 million and 5.9 million, respectively. Within separations, quits (4.2 million) and layoffs and discharges (1.4 million) were little changed. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class.
Job Openings
On the last business day of July, the number and rate of job openings were little changed at 11.2 million and 6.9 percent, respectively. Job openings increased in transportation, warehousing, and utilities (+81,000); arts, entertainment, and recreation (+53,000); federal government (+47,000); and state and local government education (+42,000). Job openings decreased in durable goods manufacturing (-47,000). (See table 1.)
Hires
In July, the number of hires was little changed at 6.4 million and the rate was unchanged at 4.2 percent. Hires were little changed in all industries. (See table 2.)
Separations
Total separations includes quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm.
In July, the number and rate of total separations were little changed at 5.9 million and 3.9 percent, respectively. Total separations increased in transportation, warehousing, and utilities (+65,000). (See table 3.)
In July, the number and rate of quits were little changed at 4.2 million and 2.7 percent, respectively. Quits decreased in health care and social assistance (-73,000) and in state and local government education (-21,000). Quits increased in transportation, warehousing, and utilities (+39,000). (See table 4.)
In July, the number of layoffs and discharges was little changed at 1.4 million and the rate was unchanged at 0.9 percent. Layoffs and discharges were little changed in all industries. (See table 5.)
The number of other separations was little changed in July at 352,000. Other separations increased in wholesale trade (+10,000); information (+8,000); and nondurable goods manufacturing (+6,000). Other separations decreased in accommodation and food services (-25,000) and in federal government (-4,000). (See table 6.)
Establishment Size Class
In July, the hires rate increased in establishments with 1,000 to 4,999 employees. The layoffs and discharges rate increased in establishments with 250 to 999 employees but decreased in establishments with 1,000 to 4,999 employees. For a more in-depth description of the JOLTS establishment size class estimates, please visit www.bls.gov/jlt/sizeclassmethodology.htm. ____________ The Job Openings and Labor Turnover Survey estimates for August 2022 are scheduled to be released on Tuesday, October 4, 2022 at 10:00 a.m. (ET).
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