US employment rate stays flat

CNC
Added On January 11, 2018

The U.S. Bureau of Labor Statistics reported the number of job openings was little changed at 5.9 million on the last business day of November.
 
Over the month, hires and separations remained steady at 5.5 million and 5.2 million, respectively. 
 
Within separations, the quits rate was unchanged at 2.2 percent and the layoffs and discharges rate was at 1.1 percent. 
   
This release included estimates of the number and rate of job openings, hires, and separations for the non-farm sector by industry and by 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. 
 
When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. 
   
Over the 12 months ending in November, hires outnumbered separations, yielding a net employment gain of 2.1 million.