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February Job Openings Up; Labor Turnover Steady

U.S. Bureau of Labor Statistics (08/08/14)

According to the U.S. Bureau of Labor Statistics, job openings increased from 3.9 million in January to 4.2 million in February, but the 3.3% hires rate and 3.2% separations rate were unchanged. Hires totaled 4.6 million in February, while separations totaled 4.4 million, both of which were little changed from the prior month.

The quits rate held steady at 1.7% for total nonfarm, 1.9% for total private, and 0.6% for government, while the layoffs and discharges rate was unchanged at 1.2% for total nonfarm and little changed at 1.3% for total private and 0.4% for government. For the year-to-year period, there were 54.3 million hires and 52.2 million separations, with a net employment gain of 2.1 million.