[TSP_Strategy] Job Details

 

Job Details

Chart of the Week for February 12, 2016 - February 18, 2016

The Bureau of Labor Statistics (BLS) conducts a monthly job openings and labor turnover survey (JOLTS) that collects data on Job Openings, Hires, Quits, Layoffs and Discharges. The data is collected from approximately 16,400 establishments and covers all nonfarm establishments in the private sector as well as federal, state, and local governments in the 50 states and the District of Columbia.

The chart above compares the job data for the years ended 2013, 2014 and 2015. The unemployment rate fell from 6.7% in December 2013 to 5.0% in December 2015. During that time, Job Openings increased 41.0% and Hires increased 18.0%. Separations and Quits increased by 15.1% and 28.0%, respectively. The Quits number for December 2015 was the highest since December 2006, and is seen by some economists as an indicator that people are more confident in the labor market and are receiving better opportunities elsewhere. Along with the increase in Hires, Layoffs fell by 4.5%, which helped support the decrease in the unemployment rate.

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Posted by: sarah_oz@yahoo.com

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