Hires rate, seasonally adjusted, July 2003-July 2004 Rate Jul-03 3.1 Aug-03 3.1 Sep-03 3.1 Oct-03 3.2 Nov-03 3.2 Dec-03 3.2 Jan-04 3.2 Feb-04 3.2 Mar-04 3.5 Apr-04 3.4 May-04 3.2 Jun-04 3.4 Jul-04 3.2 The hires rate is the number of hires as percent of total employment