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Italy's ISAE Sector Confidence Rebounds Then Retreats
The Italian business and consumer confidence readings are excellent examples of what much of Europe is going through right now...
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New single-family home sales around the country changed very little in October and also in September...
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U.S. Durable Goods Orders Rise Further in October
Manufacturers’ orders for durable goods increased 1.3% m/m (-0.3% y/y) in October...
U.S. Goods Trade Deficit Deepens During October
The advance estimate of the U.S. trade deficit in goods deepened to $80.29 billion during October...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller July 12, 2005
The Bureau of Labor Statistics reported that the job openings rate, from the Job Openings & Labor Turnover Survey (JOLTS), eased in May to 2.5% while the previously reported April increase was revised away. The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job openings. The total number of job openings fell 3.1% m/m (+8.9% y/y) after a downwardly revised 0.6% decline during April
The hires rate recovered to 3.5% following the sharp decline in April. The hires rate is the number of hires during the month divided by employment.
The job separations rate fell to 3.3% after having been elevated during the prior two month. Total separations include quits, layoffs, discharges, and other separations as well as retirements. The total separations, or turnover, rate is the total number of separations during the month divided by employment.
The survey dates only to December 2000 but has since followed the movement in nonfarm payrolls.
A description of the Jolts survey and the latest release from the U.S. Department of Labor is available here.
| JOLTS (Job Openings & Labor Turnover Survey) | May | April | May '04 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Job Openings Rate: Total | 2.5% | 2.6% | 2.4% | 2.4% | 2.1% | 2.2% |
| Hires Rate: Total | 3.5% | 3.4% | 3.3% | 3.4% | 3.2% | 3.2% |
