Hires rate at low point in June 2009
August 14, 2009
The hires rate at 2.9 percent in June was at the lowest point since the series began in December 2000. The hires rate declined over the month in construction and in trade, transportation, and utilities. The rate increased over the month in education and health services.
Over the 12 months ending in June, the hires rate (not seasonally adjusted) declined for total nonfarm, total private, government, and many industries. The rate rose in the other services industry.
The industries with little change in the rate over the year were nondurable goods manufacturing; transportation, warehousing, and utilities; information; real estate and rental and leasing; educational services; health care and social assistance; and arts, entertainment, and recreation.
The hires rate fell over the past 12 months in three of the four regions: Midwest, South, and West.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Hires rate at low point in June 2009 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20090814.htm (visited March 02, 2015).
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