ECONOMIC INDICATORS

Job openings, hires drop in Northeast in August

COURTESY U.S. BUREAU OF LABOR STATISTICS
IN THE NORTHEAST, the number of job openings, hires and laid off workers all dropped in August, while the number of workers who quit their job rose slightly in the region over the month.
Posted 10/11/12

WASHINGTON – The number of job openings in the Northeast in August was 694,000, down 4.5 percent from July and 18.6 year-over-year since August 2011, not seasonally adjusted, according to the Job Openings and Labor Turnover report from the U.S. Bureau of Labor Statistics.

The Northeast region includes the six New England states as well as New Jersey, New York and Pennsylvania.

In the Northeast in August, the hires rate was down 16 percent from July to 679,000. Year over year, the hires rate was essentially unchanged, dropping 2.7 percent from 698,000 to 679,000, not seasonally adjusted.

During August, 429,000 workers in the Northeast quit their jobs, up 18 percent during the month and 15.3 percent during the year from August 2011, not seasonally adjusted.

The number of workers laid off or discharged during August in the Northeast was 310,000, or 1.2 percent of the workforce, not adjusted for seasonal inflation. This figure was down 6 percent from July and 19 percent year-over-year from the 383,000 workers, who were discharged in August 2011.

Total separations – which include quits, layoffs, discharges and other separations – rose 3.5 percent from July to 816,000 in August, not seasonally adjusted. The number of total separations was essentially unchanged year-over-year from 817,000 in August 2011.

Across the U.S., the number of job openings in August was 3.6 million.

During the 12 months ended August 2012, hires in the U.S. totaled 51.6 million and separations totaled 49.8 million. This yielded a new employment gain of 1.8 million workers.

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