Fiscal Intelligence

Fiscal analysis that enables educators, small business owners, and community organizers to make informed decisions.

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EDT) Tuesday, August 6, 2013 USDL-13-1571

Technical information:	(202) 691-5870  •  JoltsInfo@bls.gov  •  www.bls.gov/jlt
Media contact:	        (202) 691-5902  •  PressOffice@bls.gov

                    JOB OPENINGS AND LABOR TURNOVER – JUNE 2013

There were 3.9 million job openings on the last business day of June, little changed from May, the U.S. 
Bureau of Labor Statistics reported today. The hires rate (3.1 percent) and separations rate (3.0 percent) 
also were little changed in June. This release includes estimates of the number and rate of job openings, 
hires, and separations for the nonfarm sector by industry and by geographic region.

Job Openings

The number of job openings in June was 3.9 million, little changed from May. (See table 1.) The number 
of job openings was little changed over the month in all industries and regions.

The number of job openings in June (not seasonally adjusted) was little changed over the year for total 
nonfarm, total private, and government. Although the number of total job openings was little changed 
over the year, several industries experienced increases and several industries experienced decreases. In 
the Midwest region, the number of job openings rose over the year. (See table 7.)

Hires

The number of hires in June was 4.2 million, a decrease from May. The number of hires also declined for 
total private but was little changed for government. Over the month, the hires level decreased for health 
care and social assistance. In June, the number of hires fell in the Midwest. (See table 2.)

Over the 12 months ending in June, the number of hires (not seasonally adjusted) was little changed for 
total nonfarm, total private, and government. The number of hires increased in information over the year 
but fell in durable goods manufacturing and in educational services. The hires level declined over the 
year in the Midwest. (See table 8.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Total separations is 
referred to as turnover. 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, and disability, as well as transfers to other locations of the same firm.

There were 4.1 million total separations in June, a decrease from May. The number of total separations 
for total private also decreased while government was little changed over the month.

In June, the quits rate was unchanged at 1.6 percent for total nonfarm, 1.8 percent for total private, and 
0.6 percent for government. The quits rate was little changed over the month for all industries and 
regions. (See table 4.)

The number of quits (not seasonally adjusted) was little changed over the 12 months ending in June for 
total nonfarm, total private, government, all industries, and all four regions. (See table 10.)

The layoffs and discharges rate decreased in June to 1.1 percent. The rate was little changed over the 
month for total private at 1.3 percent and government at 0.4 percent. In the Midwest region, the rate 
declined in June. The layoffs and discharges component of total separations is not seasonally adjusted 
for individual industries. (See table 5.) 

The layoffs and discharges level (not seasonally adjusted) decreased over the 12 months ending in June 
for total nonfarm and total private but was little changed for government. Over the year, the number of 
layoffs and discharges increased in information. The layoffs and discharges level fell over the 12 months 
ending in June for educational services and for health care and social assistance; the level also fell in the 
Midwest. (See table 11.)

In June, there were 384,000 other separations for total nonfarm, essentially unchanged from the previous 
month. The number of other separations was little changed over the month for total private and 
government. The other separations component of total separations is not seasonally adjusted by industry 
or region. (See table 6.) Over the 12 months ending in June, the number of other separations was little 
changed for total nonfarm and total private but increased for government. (See table 12.)

Net Change in Employment

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. 
Conversely, when the number of hires is less than the number of separations, employment declines, even 
if the hires level is steady or rising. Over the 12 months ending in June 2013, hires totaled 51.8 million 
and separations totaled 49.9 million, yielding a net employment gain of 1.8 million. These figures include 
workers who may have been hired and separated more than once during the year.

 

Our New Reality

Dear Readers,

I am delighted to share with you my most recent article. The best way to summarize it is by sharing these quotes with you from The New Geography of Jobs by Enrico Moretti  in order to guide you better. The unfortunate thing is that not everyone is prepared to embrace the changes that are engulfing this wonderful nation.

I hope you enjoy reading this article as much as I enjoyed writing it.

These quotes are a great segway into my article.

 “On the surface it seems we have good reason to be worried. Middle class salaries are declining. Good jobs are scarce. Take the typical forty-year-old male worker with a high school education: today his hourly wage is 8% lower than his father’s was in 1980, adjusted for inflation. This means that for the first time in recent America history, the average worker has not experienced an improvement in standard of living compared to the previous generation. In fact he is worse off by almost every measure. On top of this, income inequality is widening. Uncertainty about the future is now endemic.”

____________________

“Over the past half century the United States has shifted from an economy centered on producing physical goods to one centered on innovation and knowledge.”

 

See you soon,

Optimization with an Impact (OpIm)

E-mail: schools052@gmail.com|www.optimizationwithanimpact.com|www.fiscalintelligence.org

 

New Jersey’s Abbott Districts: Education Finances During the Great Recession

“The New Jersey Constitution states that any child between the ages of five and eighteen has the constitutional right to a “thorough and efficient” education.”

Is Apple the next Microsoft?

The Plaintiffs have shown that the Publisher Defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy. Without Apple’s orchestration of this conspiracy, it would not have succeeded as it did in the Spring of 2010.

Smart Snacks in School

Announced June 27th, this interim final rule is an important component of First Lady Michelle Obama’s Let’s Move! Initiative. The standards hope to change some staggering statistics: nearly one third of America’s children are at risk for preventable diseases like diabetes and heart disease due to being overweight or obese.

JOB POLARIZATION AND RISING INEQUALITY

The growth in high- and low-skill jobs, coupled with little growth in the middle-skill groups, has changed the composition of the workforce. The leftmost bars in Chart 3 show the share of U.S. workers in each skill category in 1980 and 2010. While both high-skill and low-skill job shares increased, the lower-middle skill group’s job share shrank. In 1980, nearly half of all workers were employed in lower-middle-skill occupations. Among the occupations in this group, machine operators accounted for 10 percent of the U.S. workforce and administrative support workers accounted for 18 percent.

Cyclical v. Structural Changes (A Jobless Recovery)

<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/LuisTaverasMBAMS/cyclical-v-structural-changes&#8221; title=”Cyclical v. Structural Changes (A Jobless Recovery)” target=”_blank”>Cyclical v. Structural Changes (A Jobless Recovery)</a> </strong> from <strong><a href=”http://www.slideshare.net/LuisTaverasMBAMS&#8221; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>

 

Cyclical Changes

In a temporary layoff, an employer “suspends” an employee’s job, generally because of slack demand. Both the employer and the employee expect their relationship to resume when economic conditions improve. The employer may even help the employee apply for unemployment insurance benefits so that he or she is more likely to wait out the layoff instead of taking another jobWhen layoffs are temporary, subsequent recalls can take place quickly, fueling fast payroll growth.

Structural Changes

By contrast, a permanent layoff severs the relationship between the employer and the employee. The employer eliminates the job for any of a variety of reasons, including a permanent fall in demand, technological change, reorganization of production, and local or international outsourcing. Even an employer that ultimately decides to fill the job again will need to search for a new employee.

Together with our findings on temporary layoffs, it suggests that the two most recent recessions were more strongly structural than recessions past.

OPENSUNY

Building on SUNY’s current open and online initiatives, Open SUNY has the potential to be America’s most extensive distance learning environment. It will provide students with affordable, innovative, and flexible education in a full range of instructional formats,both online and on site. Open SUNY will network students with faculty and peers from across the state and throughout the world through social and emerging technologies and link them to the best in open educational resources. Open SUNY will provide an online portal for thousands of people worldwide.

Are Schools Getting a Big Enough Bang for Their Education Technology Buck?

Far too often, school leaders fail to consider how technology might dramatically improve teaching and learning, and schools frequently acquire digital devices without discrete learning goals and ultimately use these devices in ways that fail to adequately serve students, schools, or taxpayers.

Forty-one percent of eighth-grade math students from high-poverty backgrounds, for instance, regularly used computers for drill and practice. In contrast, just 29 percent of middle school students from wealthier backgrounds used the computers for the same purpose. We also found that black students were more than 20 percentage points more likely to use computers for drill and practice than white students.

<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/LuisTaverasMBAMS/are-schools-getting-a-big&#8221; title=”Are Schools Getting a Big Enough Bang for Their Education Technology Buck?” target=”_blank”>Are Schools Getting a Big Enough Bang for Their Education Technology Buck?</a> </strong> from <strong><a href=”http://www.slideshare.net/LuisTaverasMBAMS&#8221; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>

The Coming Budget Crunch

The NYC mayoral candidates have big spending plans. Do we know how they plan to accomplish them? Are they printing money in order to do so?

Bill Thompson wants to put 2,000 extra cops on the street at a cost of $200 million a year. One of his rivals, Public Advocate Bill de Blasio, pledges to introduce universal pre-K in the city’s schools, a project with a $530 million annual price tag. Thompson, deBlasio, and another candidate, New York City comptroller John Liu, want to build at least 60,000 units of new subsidized housing over the next four years. The bill for that could dwarf the cost of the police and school proposals.

This makes anyone wonders if they are aware of the fiscal challenges that the City of New York is facing.

  • Spending from city revenues rose from $28.9 billion when Bloomberg took office to $47.5 billion in fiscal year 2012 and will be an estimated $50.2 billion in 2013—a staggering 70 percent increase per resident.
  • The tab for workers’ health care more than doubled, from $2 billion a year to $4.8 billion. Retirees add another $1.6 billion.
  • According to the Citizens Budget Commission, total city debt hit $105 billion last year—almost double what it was when Bloomberg entered City Hall
  • The budget allocation for annual interest payments on debt jumped from $3.9 billion in 2002 to $5.8 billion in 2012, according to New York City’s Independent Budget Office.