News Column

Job Openings, Labor Turnover Hit Quiet Patch

May 7, 2013

Staff Reports -- HispanicBusiness.com

job openings

The number of employment opportunities in the U.S. at the end of March was little changed since February, the Bureau of Labor Statistics reported today. There were 3.8 million job openings in March, compared to 3.9 million the month before, and the hires and separation rates held steady at 3.2 percent and 3.1 percent respectively.

About 11.7 million people were looking for work in March, meaning there were more than three job seekers for every available position, about the same as it was the month before, MarketWatch reported. In March 2012, some 12.7 million people were looking for work.

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Government, nonfarm and private employment remained essentially the same for the year, according to the BLS report, but work in durable goods manufacturing dropped from from 274,000 jobs to 260,000 and the number of federal government job openings dropped from 421,000 to 393,000.

During the year ending in March, the number of hires came to 51.8 million and the number of separations came to 50.1 million, for a net gain of 1.7 million jobs. That includes people who were hired or left more than once during the year.

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Source: HispanicBusiness.com (c) 2013. All rights reserved.


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