Job openings up slightly in May

Job openings climbed 0.83 percent since April, and they're up 9.66 percent from May 2010

By , Guest blogger

  • close
    This chart shows private non-farm job openings from mid-2004 through May 2011. The latest data show that openings increased less than 1 percent since April 2011 but almost 10 percent from a year before.
    View Caption

Yesterday, the Bureau of Labor Statistics released their latest monthly read of job availability and labor turnover (JOLT) showing that private non-farm job “openings” increased slightly rising 0.83% since April and climbing 9.66% above the level seen in May 2010 while private non-farm job “hires” increased 1.71% from April and 5.09% above the level seen in May 2010.

Job “layoffs and discharges” jumped a whopping 13.21% from April increasing 0.18% above the level seen last year while quitting activity increased 6.60% from April and 4.39% above the level seen in May 2010.

It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).

Recommended: Could you pass a US citizenship test?

Add/view comments on this post.

--------------------------

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...