U.S. Bureau of Labor Statistics (07/09/13)
On the last business day of May, 3.8 million jobs were open, little changed from April. There were 4.4 million hires in May, at a 3.3% hire rate. The number of hires was little changed over the last 12 months. There were 4.3 million total separations in May, at a 3.2% separation rate, little changed from April. Separations include quits, layoffs, discharges, and other separations.
The quit rate was 1.6% for total nonfarm and 1.8% for total private; the layoffs and discharge rate was 1.3%. Hires have totaled 51.9 million and separations have totaled 50.1 million over the 12 months ending in May, resulting in a net employment gain of 1.8 million.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.