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State Job Openings and Labor Turnover for September 2024: Job Openings: Rates decreased in four states (Georgia, Oklahoma, Texas, and Arkansas), with Arkansas seeing an increase. Nationally, job openings remained stable. Hires: Rates went up in three states (Montana, Michigan, Minnesota) but dropped in Massachusetts and Maine. The national hires rate showed little change. Total Separations: Rates increased in three states (New Hampshire, New Jersey, New York), decreased in Illinois, and was unchanged nationally. Quits: Rates slightly increased in Louisiana and Maryland, decreased in Illinois, with national quits rates remaining steady. Layoffs and Discharges: Rates rose in four states (New Jersey, New Hampshire, New York), with a slight national increase in the layoffs rate. The next release for October 2024 data is scheduled for December 17, 2024. For more detailed insights, check out the interactive charts at the U.S. Bureau of Labor Statistics. #JobMarket #LaborEconomics #EmploymentTrends

Summary of State Job Openings and Labor Turnover for June 2024: Job Openings: Increased in Arizona and New York. Decreased in Indiana and New Jersey. Nationally, there was no significant change in the job openings rate. Hires: Decreased in states like Tennessee, Michigan, and Mississippi. Increased in Montana, Alaska, and Colorado. The national hires rate showed little change. Total Separations: Decreased significantly in Montana, Colorado, and New Hampshire. Increased in Texas. The national rate for total separations remained largely unchanged. Quits: Decreased in several states including New Hampshire, North Dakota, and South Dakota. Increased in Texas. The national quits rate was unchanged. Layoffs and Discharges: Decreased in states like Montana, Colorado, and Florida. Increased slightly in Oklahoma. Nationally, there was a slight decrease in the rate of layoffs and discharges.

State Job Openings and Labor Turnover (JOLT) News-October '24 Job openings rates decreased in 4 states and increased in 1 state on the last business day of September, the U.S. Bureau of Labor Statistics reported last Friday. Hires rates increased in 3 states and decreased in 2 states. Nationally, the job openings and hires rates showed little change in September, and the total separations rate was unchanged. This release includes estimates of the number and rate of job openings, hires, total separations, quits, and layoffs and discharges for the total nonfarm sector and for all states and the District of Columbia. https://lnkd.in/eiQwZyuj

📊 Insights from the Latest State Job Openings and Labor Turnover Data - July 2024 The U.S. Bureau of Labor Statistics has just released the Job Openings and Labor Turnover Summary for July 2024, offering a snapshot of the employment dynamics across states. Here's what you need to know: Job Openings: The data shows a mixed bag with job openings rates decreasing in 4 states, increasing in just 1 state, and remaining stable in most. Notably, Minnesota, Massachusetts, and New York saw significant decreases, while Oklahoma experienced an uptick. This suggests a cooling in some regions, possibly reflecting economic adjustments or seasonal factors. Hires: California, Michigan, Minnesota, and Pennsylvania saw increases in hires rates, indicating some positive movement in the job market despite the national trend showing little change. This could be good news for job seekers in these states. Total Separations: An interesting rise in total separations was observed in 11 states, with North Dakota and Virginia leading. This could point towards a more dynamic labor market where people are either leaving jobs for better opportunities or there's a higher turnover due to other reasons like retirements or layoffs. Quits: Florida, Virginia, and Colorado showed increases in quits, which often indicates workers' confidence in finding new opportunities. Conversely, Texas and New York saw decreases, which might reflect different economic pressures or job satisfaction levels. Layoffs and Discharges: There was an uptick in layoffs in several states, with North Dakota and Virginia again showing notable changes. This might be concerning, suggesting some sectors or regions are facing downturns or restructuring. What does this mean for professionals and businesses? Opportunity for Mobility: Increased hires and quits in certain states suggest that now might be a good time for job transitions, particularly in sectors or states showing growth. Caution in Some Markets: The increase in layoffs and separations might call for caution if you're in or dealing with markets like Virginia or Pennsylvania, where numbers have significantly shifted. Strategic Planning: Businesses should consider these labor trends for workforce planning. Regions with decreasing job openings might require more competitive offers to attract talent. Economic Health Check: These statistics serve as a pulse check on economic health, indicating where the market might be heating up or cooling down. #LaborMarket #JobOpenings #HiringTrends #EconomicAnalysis #CareerAdvice #BusinessStrategy

Another great article by CBIA. Key takeaways: 🔆 -Connecticut currently has 77,000 job openings—10% more than before the pandemic ➡️ The fact that there are 77,000 job openings, which is 10% more than pre-pandemic levels, indicates a strong demand for workers. This could suggest growth in certain sectors, but it may also reflect challenges in filling positions, possibly due to skills mismatches or other barriers. 🔆The state’s falling unemployment rate—now 3.2%, 15th lowest in the U.S. ➡️ An unemployment rate of 3.2% is a positive sign, showing that many people are employed. It’s notably lower than the national average, suggesting a relatively healthy job market in Connecticut. 🔆Connecticut's labor force has DECREASED by 1.6% since 2020 (US avg is an increase of 2.6%). ➡️The decline in the labor force by 1.6% since 2020 is concerning. This could imply that some people are leaving the workforce due to factors like retirement, relocation, or discouragement from job searching. With low unemployment and a shrinking labor force, it's crucial for hiring managers to consider candidates who may not meet every specific requirement but possess transferable skills or potential for growth. Adapting to this new reality can help companies attract a wider talent pool and address workforce shortages effectively. Emphasizing skills, adaptability, and cultural fit over strict qualifications can lead to better hiring outcomes. #connecticutjobs #staffing #hiring #ctjob #workforcedevelopment #hr #recruiting

🌴 In August, South Florida's jobless rate held steady at 3.4%, the same as the previous month, indicating a stable labor market. The region has seen impressive job growth, particularly in sectors like construction, healthcare, and hospitality, which collectively added 42,000 jobs over the past year. This growth reflects the ongoing demand for workers in these industries. Despite the positive job creation, wage growth has been relatively modest, with average hourly pay increasing by only 2%. This suggests that while more jobs are available, employees may not be seeing significant increases in their earnings. Miami-Dade County and the Florida Keys continue to report some of the lowest unemployment rates in the state, contributing to Florida's overall unemployment rate of 3.3%, which also remained unchanged. This stability highlights a resilient job market in South Florida, providing opportunities for job seekers and businesses alike. #SouthFloridaJobs #UnemploymentRate #JobGrowth #LaborMarket #HiLoStaffing https://lnkd.in/eRjA2RbS

In February, the U.S. labor market showed strength with 275,000 new jobs created, and Kane County, Illinois emerged as part of Illinois' leading metro areas for job growth. The Chicago-Naperville-Elgin metro area saw a gain of 14,900 jobs, marking a 0.31% increase from the previous month, while State of Illinois as a whole added 20,200 jobs in the same period, according to the U.S. Bureau of Labor Statistics. “This report highlights the partnership occurring between our schools, our municipalities and Kane County," said Kane County Board Chairman Corinne M. Pierog MA, MBA. “Momentum is necessary for economic growth, a better quality of life, and Kane County's own evolution as one that equally respects its open spaces and farms, while supporting strong business development." In February, the industry sectors in the state with the largest over-the-month job gains, according to the Illinois Department of Employment Security (IDES), included: Government (+6,700), Construction (+6,200), and Leisure and Hospitality (+5,400). The industry sectors with monthly payroll job declines included: Trade, Transportation and Utilities (-1,900), Manufacturing (-700), and Financial Activities (-600).  A recent market analysis showed manufacturing is a major contributor to Kane County's economy. Figure show approximately 17% of the county's 191,000 jobs centered around manufacturing. Additionally, healthcare accounts for around 10% of jobs, while another 12% are in the retail sector catering to residents and travelers. #whykane

Common Sense Institute Colorado is releasing a new study today: Colorado Jobs and Labor Force Update – May 2024 Update.   Key Findings: - Colorado's total employment increased by 9,800 in May. Unlike in some previous months, the private sector contributed primarily to this growth (7,900 jobs). - The BLS’ estimate of employment growth in April was revised upwards from 300 to 500. - Colorado’s professional and business services sector rebounded from its largest employment decline since early 2020 by adding 3,700 jobs in May. - Eight of eleven major employment sectors added jobs in May. The three that declined, education and health services, trade, transportation and utilities, and information, lost a total of 1,700 jobs. - Colorado’s unemployment rate rose to 3.8%, which is the highest it’s been since January 2022, and its labor force participation rate fell to 67.9%. https://lnkd.in/gYDhGXhi

Delaware's seasonally adjusted job openings declined by 1,000 over-the-month to 29,000 in June. Unemployed workers increased in June to 20,200 resulting in 8,800 more job openings than workers seeking jobs. The ratio of job openings to unemployed workers declined for most regional states in June, except Pennsylvania, whose ratio of 1.4 tied Delaware, but remain unchanged from the prior month. Maryland's ratio of 1.8 was the region's highest, while New Jersey had the region's lowest ratio of 1.0. The US ratio of job seekers to unemployed workers was unchanged from the month prior at 1.2. Delaware Job Openings comes from the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). JOLTS provides information on the demand for labor in Delaware and job turnover. More info on the JOLTS program can be found at www.bls.gov/jlt/.

According to the latest data released by the Colorado Department of Labor and Employment, the state's annual job growth rate for 2023 now stands at an impressive 2.5% - catapulting Colorado among the top 11 states in the nation for job growth last year. Despite initial figures suggesting a growth rate just above 1%, the long-anticipated revisions reveal a much more robust performance. This news underscores the resilience and strength of Colorado's economy: our state is thriving. Let's keep the momentum going and continue to foster a climate where businesses can grow and thrive! Check out the full article below from Denver Business Journal. ⬇️