February 11, 2011
Over the month, the job openings rate was essentially unchanged in December 2010, at 2.3 percent (seasonally adjusted). Since the most recent series trough in July 2009, the number of job openings has risen by 0.7 million, or 31 percent.
From November to December 2010, both the hires rate and the separations rate were also unchanged, at 3.2 percent each.
There were 4.2 million hires in December 2010, 9 percent higher than the most recent trough for this series, which occurred in June 2009. This trough coincided with the official end of the most recent recession.
Despite the gains since June 2009, the number of hires in December remained below the 5.0 million hires when the recession began in December 2007. Since their respective troughs, the hires level has risen at a slower pace than the job openings level.