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May 2008

Job openings, hires, and turnover decrease in 2007

Zhi Boon

Although the number of job openings, hires, and separations all declined in 2007, the current labor market slowdown can be seen most in the decrease in hiring; at the industry level, the job openings rate and hires rate declined in several industries, while the separations rate was either unchanged or inconsistent, with no discernible trend.

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