New job openings and labor turnover survey
July 31, 2002
New data on job openings and labor turnover were introduced this week by the Bureau of Labor Statistics. Job openings are a measure of unmet labor demand and can be compared with unemployment, which measures unused labor supply.
The number and rate of job openings in May 2002 were substantially lower than a year earlier. On the last business day of May 2002, there were 3.5 million job openings, 2.6 percent of the number of total filled and unfilled positions (employment plus job openings) in the United States. This was down significantly from 4.3 million openings, or a job openings rate of 3.2 percent, in May 2001. Over the same period, the total U.S. unemployment rate (not seasonally adjusted) rose to 5.5 percent from 4.1 percent a year earlier.
These data are a product of the Job Openings and Labor Turnover Survey. Job openings refer to the number on the last business day of the month. Also, these data are not seasonally adjusted. Find additional information in "New Monthly Data Series on Job Openings and Labor Turnover Announced by BLS," USDL 02-412.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, New job openings and labor turnover survey on the Internet at https://www.bls.gov/opub/ted/2002/jul/wk5/art03.htm (visited August 04, 2020).
Recent editions of Spotlight on Statistics
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.