The number of job openings was little changed at 7.4 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the 12 months ending in April, hires totaled 69.6 million and separations totaled 66.8 million, yielding a net employment gain of 2.8 million. (These totals include workers who may have been hired and separated more than once during the year.)
For April 2019, the number of hires edged up to 5.9 million (+240,000). The hires rate was 3.9 percent. The hires level edged up for total private (+217,000) and was little changed for government. Hires increased in real estate and rental and leasing (+34,000).
The number of total separations was little changed at 5.6 million in April. Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. 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.
The number of quits was little changed in April at 3.5 million. The quits rate was 2.3 percent. The quits level was little changed for total private and for government. Quits increased in real estate and rental and leasing (+28,000) and in state and local government, excluding education (+13,000), but decreased in federal government (-8,000).
The number of layoffs and discharges was little changed in April at 1.8 million. The layoffs and discharges rate was 1.2 percent. The layoffs and discharges level was little changed for total private and for government. The number of layoffs and discharges increased in real estate and rental and leasing (+15,000).
The “other separations” level was little changed for total private and for government. Other separations increased in accommodation and food services (+14,000).