Job Openings Reach Record High of 7.3 Million in December 2018

Job Openings Reach Record High of 7.3 Million in December 2018

Written By ESR News Blog Editor Thomas Ahearn

The number of job openings in the United States reached a series high of 7.3 million on the last business day of December 2018 – the highest level since the U.S. Department of Labor (DOL) started measuring them in 2000 – according to the Job Openings and Labor Turnover Summary survey results for December 2018 released by the Bureau of Labor Statistics (BLS).

Job Openings Reach Record High

The Job Openings and Labor Turnover Summary revealed the job openings rate was 4.7 percent. The number of job openings edged up for private industry to 198,000 and was little changed for government. Job openings increased in a number of industries such as construction with 88,000, accommodation and food services with 84,000, and health care and social assistance with 79,000.

The summary found hires and separations held steady at 5.9 million and 5.5 million over the month. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little changed at 1.1 percent. These figures include estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and four geographic regions.

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. The Job Openings and Labor Turnover Survey results for January 2019 are scheduled to be released on Friday, March 15, 2019. Until then, the most recent survey is at www.bls.gov/news.release/jolts.nr0.htm.

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