The number of job openings was little changed at 11.3 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today.
This report from the U.S. Bureau of Labor statistics points out that recent hires edged up to 6.7 million while total separations were little changed at 6.1 million. Within those separations, the quits rate was barely changed at 2.9 percent and the layoffs and discharges rate remained the same at 0.9 percent. Each of these numbers, both collectively and as stand-alone pieces of data, confirm the state of the workplace as we know it, and what we already know as the Great Reshuffle.
Over the 12 months ending in February 2022, hires totaled 77.0 million and separations totaled 70.6 million, yielding a net employment gain of 6.4 million. These totals include workers who may have been hired and separated more than once during the year.
This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, by four geographic regions, and by establishment size class.
At Kantola, we believe that hiring and retention begins and ends with your company culture. Today’s prospective employees are doing their homework, and they want to ensure that your organization delivers on expectations: a harassment-free culture that demonstrates inclusivity. Consider the recent SurveyMonkey Workforce Survey, where nearly 80% of workers said they want to work for a company that values diversity, equity and inclusion.
If you’re struggling to address talent scarcity and turnover caused by the Great Resignation, you’re not alone. It’s one of the reasons we offer the following guide to explain why the Great Resignation can more accurately be described as the Great Reshuffle, and offer solutions to the issues behind this growing phenomenon.
