Job Growth Signs Across States Expected in Key Labor Turnover Survey
Unchanged national survey numbers indicate little change in state-wise jobs figures
The upcoming January report on the latest state job openings and labor turnover survey should show signs of President Donald Trump’s euphoric return to the White House. Although the inauguration of the 47th President of the United States of America was on January, the optimism was permeating the markets since Trump election in November.
In the January report, scheduled for Thursday, job openings are expected to increase in more states than two that showed a rise in December.
In fact, the national job openings and labor turnover survey for January, released by the Bureau of Labor Statistics on March 11, showed little change at 7.7 million. It was, however, down 728,000 year over year. Hires held at 5.4 million, and total separations changed little at 5.3 million.
Within separations, quits (3.3 million) and layoffs and discharges (1.6 million) changed little, the report said.
The job openings rate, at 4.6 percent, changed little over the month. The number of job openings increased in real estate and rental and leasing (+46,000).
The hires will be another metric that will be watched closely in January. The number and rate of hires were unchanged from December at 5.4 million and 3.4 percent, respectively.
Mining and logging that dipped by -6,000 hires will be watched with Trump’s decision to open more areas for lumber.
