Market Updates
Job Openings, Hires, and Separations Changed Little In February
Brian Turner
02 Apr, 2024
New York City
The number of job openings, hires, and separations were a little unchanged for the third month in a row.
Job openings at the end of the last business day of February rose by 8.000 to 8.8 million, the U.S. Bureau of Labor Statistics reported Tuesday.
Total hires in the month were 5.8 million and separations were 5.6 million; both activities were little changed from the previous month.
Job Openings
The number of job openings is down from a series high of 12.2 million in March 2022, after post-pandemic demand drove demand for new staff.
The rate was 5.3% for the third month in a row.
In February, job openings increased in finance and insurance by 126,000; state and local government, excluding education, by 91,000; and arts, entertainment, and recreation by 51,000.
Job openings decreased in information by 85,000 and in federal government by 21,000.
Job Separations
The number of total separations in February changed little, at 5.6 million, and the rate was unchanged at 3.5%.
Over the month, the number of total separations increased in arts, entertainment, and recreation by 64,000 but decreased in transportation, warehousing, and utilities by 62,000.
In February, the number of quits was little changed at 3.5 million, and the rate was 2.2% for the fourth consecutive month.
In February, the number and rate of layoffs and discharges changed little, at 1.7 million and 1.1%, respectively.
The number of layoffs and discharges increased in accommodation and food services by 67,000 and in arts, entertainment, and recreation by 57,000.
Annual Returns
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Earnings
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