U.S Job Openings and Labor Turnover

The number of job openings was little changed at 6.2 million on the last business day of July, the U.S.
Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed
at 5.5 million and 5.3 million, respectively. Within separations, the quits rate and the layoffs and
discharges rate were little changed at 2.2 percent and 1.2 percent, respectively. This release includes
estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by
industry and by four geographic regions.

Job Openings

On the last business day of July, there were 6.2 million job openings, little changed from June. The job
openings rate was 4.0 percent. The number of job openings was little changed for total private and
decreased for government (-58,000). Job openings increased in a number of industries with the largest
increases occurring in other services (+111,000), transportation, warehousing, and utilities (+70,000),
and educational services (+26,000). Job openings decreased in health care and social assistance
(-72,000), state and local government, excluding education (-46,000), and federal government (-21,000).
The number of job openings was little changed in the regions. (See table 1.)

Hires

The number of hires was little changed at 5.5 million in July. The hires rate was 3.8 percent. The
number of hires was little changed for total private and for government. The number of hires increased
for federal government (+9,000), and was little changed for all other industries. The number of hires was
little changed in all four regions. (See table 2.)

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell