Who’s Hiring, and Who’s Quitting?By Catherine Rampell
The Bureau of Labor Statistics released its March Job Openings and Labor Turnover Summary data today. The takeaways: Few employers are hiring, and many workers are leaving their jobs (voluntarily or otherwise, though it appears primarily otherwise).
Buried deeper in the report you can find some interesting industry-specific numbers.
There seems to be a lot of turnover in the construction industry. That sector has the highest separation rate (defined as the number of people who left their jobs, whether voluntarily or involuntarily, as a percent of total employment) at 7.5 percent, and also has the highest hiring rate of all sectors at 5.8 percent, both on a seasonally adjusted basis. The numbers for the overall economy, by comparison, were 3.6 percent and 3.1 percent, respectively.
The government has the lowest separation and hiring rates, both at 1.2 percent, as well as the lowest quits rate. In the government, just 0.5 percent of jobs resulted in a quit in the month of March (not including retirements).
The quitting rate was highest for accommodation and food services, where 3.6 percent of jobs resulted in a person’s quitting. The rate was 1.4 percent for payrolls over all."