Jobs data remain largely unchanged
There were 2.5 million job openings on the last business day of Oct. 2009, the U.S. Bureau of Labor Statistics reported. The job openings rate was unchanged over the month at 1.9 percent. The openings rate has held relatively steady since March 2009.
The hires rate (3 percent) and the separations rate (3.2 percent) were essentially unchanged and remained low.
After falling steeply from mid-2007 through Feb. 2009, the job openings rate has been steady at 1.8 percent or 1.9 percent since March 2009. The number of job openings fell by 2.3 million from the most recent peak in June 2007 to April 2009 but has declined by only 7,000 since.
The hires rate has remained between 3.0 percent and 3.2 percent since Feb. 2009. The hires level fell by 1.5 million from the most recent peak in July 2006 to March 2009 but has declined by only 133,000 since.
Over the 12 months ending in October, hires totaled 49.9 million and separations totaled 54.9 million, yielding a net employment loss of five million.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- MDA introduces new 'Mississippi Homecoming' tourism ad campaign
- Crowded field lines up for Jackson mayoral election
- MSU Foundation names five new members
- Another fiberhood qualifies for C Spire 1-gigabit Internet service
- Cochran questions nominee concerning Stanford ponzi scheme
- DMR pays accounting firm more than double contract's worth
- George’s Girls put shopping skills to work
- Reactive Surfaces files lawsuit against Toyota in patent dispute
- Following ruling, Entergy to hand over records to county