Job Openings and Labor Turnover Summary August 1, 2023

Job Openings and Labor Turnover Summary August 1, 2023

From the US Bureau of Labor Statistics

This is a link to the PDF of the report

The number of job openings was little changed at 9.6 million on the last business day of June, the U.S. 
Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations 
decreased to 5.9 million and 5.6 million, respectively. Within separations, quits (3.8 million) decreased, 
while layoffs and discharges (1.5 million) changed little. This release includes estimates of the number 
and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by 
establishment size class.

Job Openings

On the last business day of June, the number of job openings was little changed at 9.6 million, while the 
rate was unchanged at 5.8 percent. In June, job openings increased in health care and social assistance 
(+136,000) and in state and local government, excluding education (+62,000). Job openings decreased in 
transportation, warehousing, and utilities (-78,000), state and local government education (-29,000), and 
federal government (-21,000). (See table 1.)

Hires

In June, the number of hires decreased to 5.9 million (-326,000), while the rate was little changed at 3.8 
percent. Hires decreased in durable goods manufacturing (-54,000) and in finance and insurance
(-54,000). (See table 2.)

Separations

Total separations include quits, layoffs and discharges, and other separations. Quits are generally 
voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of 
workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated 
by the employer. Other separations include separations due to retirement, death, disability, and transfers 
to other locations of the same firm.

The number of total separations in June decreased to 5.6 million (-288,000), while the rate was little 
changed at 3.6 percent. Over the month, the number of total separations decreased in retail trade
(-134,000), health care and social assistance (-84,000), and durable goods manufacturing (-54,000). The 
number of total separations increased in professional and business services (+129,000). (See table 3.)

In June, the number and rate of quits decreased to 3.8 million (-295,000) and 2.4 percent, respectively. 
The number of quits decreased in several industries, with the largest decreases in retail trade (-95,000), 
health care and social assistance (-75,000), and construction (-51,000). The number of quits increased in 
arts, entertainment, and recreation (+20,000). (See table 4.)

In June, the number of layoffs and discharges changed little at 1.5 million, and the rate held at 1.0 
percent. Layoffs and discharges increased in professional and business services (+112,000). The number 
of layoffs and discharges decreased in durable goods manufacturing (-26,000) and in wholesale trade
(-26,000). (See table 5.)

The number of other separations was little changed in June at 339,000. (See table 6.)

Establishment Size Class

In June, establishments with 1 to 9 employees saw a decrease in their quits rates and an increase in their 
other separations rates. Establishments with more than 5,000 employees saw increases in their quits 
rates. (See table 7.)
____________
The Job Openings and Labor Turnover Survey estimates for July 2023 are scheduled to be 
released on Tuesday, August 29, 2023, at 10:00 a.m. (ET).
     

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