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News Release Information

25-239-CHI
Wednesday, February 26, 2025

Contacts Technical information: Media contact:
  • (312) 353-1138

Minnesota Job Openings and Labor Turnover — December 2024

Minnesota had 168,000 job openings in December 2024, unchanged from November, the U.S. Bureau of Labor Statistics reported today. (See table 1.) Acting Regional Commissioner Julie Wilson noted that the job openings rate in Minnesota was 5.2 percent in December, unchanged from the previous month. (See chart 1 and table 2.) The job openings rate nationally was 4.5 percent in December and 4.9 percent in November. (See table 3.) All  data in this release are seasonally adjusted.


The ratio of unemployed persons per job opening in Minnesota was 0.6 in December. Nationwide, 36 states and the District of Columbia had ratios in December that were lower than the national measure of 0.9 unemployed persons per job opening; 10 states had ratios that were higher than the national ratio, and 4 states had ratios equal to the national measure. (See map 1.)

Map 1. Number of unemployed persons per job opening by state, December 2024, seasonally adjusted

(U.S. ratio = 0.9)

 

In December, Minnesota had 101,000 hires and 96,000 separations, compared to 97,000 hires and 88,000 separations in November. (See chart 2.) Over the 12 months ending in December, hires have averaged 101,000 per month and separations have averaged 97,000 per month. These averages include workers who may have been hired and separated more than once during the year.


Among the December separations in Minnesota, 62,000 were quits and 28,000 were layoffs and discharges, compared to 58,000 quits and 25,000 layoffs and discharges in November. (See chart 3.) Over the 12 months ending in December, quits averaged 60,000 per month, ranging from 49,000 to 69,000. Layoffs and discharges have averaged 29,000 per month, ranging from 20,000 to 54,000.

The State Job Openings and Labor Turnover Survey estimates for January 2025 are scheduled to be released on Thursday, March 20, 2025, at 10:00 a.m. (ET).


Technical Note

This news release presents statistics from the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program provides information on labor demand and turnover. The state estimates produced by JOLTS are model-based, incorporating JOLTS sample, Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) estimates. For more information see the JOLTS State Estimates Methodology.

Job Openings. Job openings include all positions that are open on the last business day of the reference month. A job is open only if it meets all three of these conditions:

  • A specific position exists and there is work available for that position.
  • The job could start within 30 days.
  • The employer is actively recruiting workers from outside the establishment to fill the position.

The number of unemployed persons per job opening is a ratio of the level of unemployed persons and the level of job openings. The number of unemployed persons at the national level is an estimate from the Current Population Survey (CPS), while state-level unemployment estimates are modeled by the Local Area Unemployment Statistics (LAUS) program. A ratio of 1.0 means there is a job available for every unemployed person. Lower ratios signal tighter labor markets, where firms have more job openings than there are unemployed persons available to work. Higher ratios indicate there are more unemployed persons competing for each job opening.

Hires. Hires include all additions to the payroll during the entire reference month.

Separations. Separations include all separations from the payroll during the entire reference month and is reported by type of separation: quits, layoffs and discharges, and other separations.

  • Quits include employees who left voluntarily, except for retirements or transfers to other locations.
  • Layoffs and discharges include involuntary separations initiated by the employer.
  • Other separations include retirements, transfers to other locations, separations due to employee disability, and deaths.

Levels and rates of other separations represent a small portion of total separations and are not published with the release of state estimates.

Complete definitions, including exclusions, and additional information about the State JOLTS data presented in this release are available in the State Job Openings and Labor Turnover Technical Note.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Job openings and labor turnover for Minnesota, seasonally adjusted (in thousands)
EstimateDecember 2023September 2024October 2024November 2024December 2024(p)Change from November 2024 to December 2024(p)

Openings

1931841891681680

Hires

105103115971014

Total separations

9210110888968

Quits

63636358624

Layoffs & discharges

24293725283

Footnotes:
(p) Preliminary.

Table 2. Job openings and labor turnover rates for Minnesota, seasonally adjusted
EstimateDecember 2023September 2024October 2024November 2024December 2024(p)Change from November 2024 to December 2024(p)

Openings(1)

6.05.75.95.25.20.0

Hires(2)

3.53.43.83.23.30.1

Total separations(3)

3.13.33.62.93.20.3

Quits(3)

2.12.12.11.92.00.1

Layoffs & discharges(3)

0.81.01.20.80.90.1

Footnotes:
(p) Preliminary.
(1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100.
(2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100.
(3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

Table 3. Job openings and labor turnover rates for the United States, seasonally adjusted
EstimateDecember 2023September 2024October 2024November 2024December 2024(p)Change from November 2024 to December 2024(p)

Openings(1)

5.34.44.74.94.5-0.4

Hires(2)

3.73.53.43.43.40.0

Total separations(3)

3.43.33.33.33.30.0

Quits(3)

2.21.92.12.02.00.0

Layoffs & discharges(3)

1.01.11.11.11.10.0

Footnotes:
(p) Preliminary.
(1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100.
(2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100.
(3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

 

Last Modified Date: Wednesday, February 26, 2025