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Friday, March 22, 2024
Massachusetts had 214,000 job openings in January 2024, compared to 232,000 openings in December, the U.S. Bureau of Labor Statistics reported today. (See table 1.) Regional Commissioner William J. Sibley noted that the job openings rate in Massachusetts was 5.4 percent in January and 5.9 percent in the previous month. (See chart 1 and table 2.) The job openings rate nationally was 5.3 percent in January, unchanged from December. (See table 3.) All data in this release are seasonally adjusted.
The ratio of unemployed persons per job opening in Massachusetts was 0.5 in January. The ratio has been 0.5 or less in Massachusetts since December 2022. Nationwide, 32 states and the District of Columbia had ratios in January that were lower than the national measure of 0.7 unemployed persons per job opening; 10 states had ratios that were higher than the national ratio, and 8 states had ratios equal to the national measure. (See map 1.)
In January, Massachusetts had 90,000 hires and 97,000 separations, compared to 107,000 hires and 102,000 separations in December. (See chart 2.) Over the 12 months ending in January, hires have averaged 118,000 per month and separations have averaged 102,000 per month. These averages include workers who may have been hired and separated more than once during the year.
Among the January separations in Massachusetts, 57,000 were quits and 32,000 were layoffs and discharges, compared to 60,000 quits and 32,000 layoffs and discharges in December. (See chart 3.) Over the last 12 months, quits averaged 58,000 per month, ranging from 46,000 to 71,000. Layoffs and discharges have averaged 35,000 per month, ranging from 18,000 to 52,000.
The State Job Openings and Labor Turnover Survey estimates for February 2024 are scheduled to be released on Wednesday, April 17, 2024, at 10:00 a.m. (ET).
Effective with the release of May 2024 data on July 24, 2024, the Job Openings and Labor Turnover Survey (JOLTS) state estimates will be benchmarked and revised, to include the annual benchmark revisions to JOLTS national estimates, the Current Employment Statistics (CES) employment estimates, and the Quarterly Census of Employment and Wages (QCEW) data. Seasonally adjusted and not seasonally adjusted data from January 2019 forward are subject to revision. In addition, 2023 annual estimates for states will be released at this time.
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:
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.
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.
Estimate | January 2023 | October 2023 | November 2023 | December 2023 | January 2024(p) | Change from December 2023 to January 2024(p) |
---|---|---|---|---|---|---|
Openings | 277 | 239 | 228 | 232 | 214 | -18 |
Hires | 129 | 112 | 104 | 107 | 90 | -17 |
Total separations | 106 | 113 | 102 | 102 | 97 | -5 |
Quits | 57 | 59 | 52 | 60 | 57 | -3 |
Layoffs & discharges | 39 | 43 | 39 | 32 | 32 | 0 |
Estimate | January 2023 | October 2023 | November 2023 | December 2023 | January 2024(p) | Change from December 2023 to January 2024(p) |
---|---|---|---|---|---|---|
Openings(1) | 6.9 | 5.9 | 5.7 | 5.9 | 5.4 | -0.5 |
Hires(2) | 3.5 | 3.0 | 2.7 | 2.9 | 2.4 | -0.5 |
Total separations(3) | 2.8 | 3.0 | 2.7 | 2.7 | 2.6 | -0.1 |
Quits(3) | 1.5 | 1.6 | 1.4 | 1.6 | 1.5 | -0.1 |
Layoffs & discharges(3) | 1.0 | 1.1 | 1.0 | 0.9 | 0.9 | 0.0 |
Footnotes: |
Estimate | January 2023 | October 2023 | November 2023 | December 2023 | January 2024(p) | Change from December 2023 to January 2024(p) |
---|---|---|---|---|---|---|
Openings(1) | 6.3 | 5.2 | 5.4 | 5.3 | 5.3 | 0.0 |
Hires(2) | 4.1 | 3.7 | 3.5 | 3.7 | 3.6 | -0.1 |
Total separations(3) | 3.9 | 3.6 | 3.4 | 3.4 | 3.4 | 0.0 |
Quits(3) | 2.5 | 2.3 | 2.2 | 2.2 | 2.1 | -0.1 |
Layoffs & discharges(3) | 1.2 | 1.1 | 1.0 | 1.0 | 1.0 | 0.0 |
Footnotes: |
Last Modified Date: Friday, March 22, 2024