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Job Openings and Labor Turnover Changed Little in October

U.S. Bureau of Labor Statistics (12/11/12)

There were 3.7 million job openings on the last business day of October, little changed from September, the U.S. Bureau of Labor Statistics reported on Dec. 11. The hires rate (3.2%) and separations rate (3.1%) were also little changed in October.

The number of openings was little changed in all industries except construction, manufacturing, and accommodation and food services, which increased. The number of openings was also little changed in all four regions in October. The hires rate was also little changed in all industries and regions over the month. The total separations rate was little changed for total nonfarm, unchanged for total private, and rose for government. Over the 12 months ending in October, hires totaled 51.7 million and separations totaled 49.8 million, yielding a net employment gain of 1.9 million.