Showing posts with label Georgia quits. Show all posts
Showing posts with label Georgia quits. Show all posts

Thursday, February 17, 2022

Job openings and quits rates in Georgia remain at high levels in December

Job openings, hires, and layoffs and discharges rates showed little change over the month, while total separations and quits rates fell in December, according to the U.S. Bureau of Labor Statistics. Job openings and quit rates in Georgia remained near record levels.

Job Openings

Georgia’s job openings rate showed little change in December, recording 403,000 openings on the last business day of the month for a job openings rate of 8.0%. Nationally, job opening rates increased in seven states, declined in four, and were little changed in the other states in December.

Compared to December 2020, the number of job openings in Georgia grew by 128,000 and the rate of job openings increased from 5.8% recorded in December 2020.

Hires

The number of hires in the state were virtually unchanged over the month. In Georgia, 238,000 hires were recorded in December for a rate of 5.1%. Hiring rates declined in six states and increased in one state over the month.

Compared to last December, the number of hires in Georgia grew by 44,000 with the hiring rate rising from 4.4% in December 2020 to 5.1 percent in December 2021.

Total Separations

Total separations fell by 39,000 in Georgia for December to 234,000 with the separations rate falling to 5.0%. In December, total separations rates fell in 15 states and increased in two states.

Compared to December 2020, total separations in Georgia increased by 26,000.

Quits

The number of quits in Georgia fell by 24,000 to 175,000 in December with the quits rate dropping to 3.8%. Nationally, quits rates fell in 13 states and increased in four states in December.

Compared to December 2020, the number of quits in Georgia rose by 36,000.

Layoffs and Discharges

Layoffs and discharges in the state were virtually unchanged in December with the layoffs and discharges totaling 50,000 for the month and the rate remaining at 1.1%. Layoffs and discharges rates decreased in 10 states and increased in one state in December.

Compared to a year ago, the number of layoffs and discharges in Georgia was virtually unchanged in December and the rate remained unchanged.

Definitions and additional technical information is available at State Job Openings and Labor Turnover Technical Note - 2021 M12 Results (bls.gov)

Friday, December 17, 2021

Georgia job openings rise, fewer people quitting their jobs in October; personal income rose only modestly

 


Job openings rose even as the number of people quitting their jobs fell in October as personal income in Georgia rose only slightly in the third quarter of 2021.

Job openings and turnover

The number of job openings in Georgia rose by 15,000 to 432,000 in October 2021. The number of job openings continued to reach new records as they totaled above 400,000 over each of the past three months.

In comparison, Georgia reported the number of unemployed in October at 158,436, resulting in more than 2.7 job openings for each unemployed person in the state.

At the same time, the number of people hired in October dropped by 7,000 to 261,000.

The number of people separating from their jobs declined by 40,000, as 31,000 fewer people chose to quit their positions. The number of people choosing to quit their jobs in October dropped to 154,000, 16 percent below the number recorded in September.

Layoffs and discharges declined by 3,000 over the month to 57,000 in October.

Over the past year, the number of people hired for jobs has increased by 46,000 since last October, while the number of total separations (both voluntary and involuntary) has risen by 49,000.

Personal income 3rd Quarter 2021

Personal income in the third quarter of 2021 rose by 0.8 percent (percent changes are expressed at annual rates). Wages and proprietors’ income rose 8.5 percent, while income from dividends, interest, and rent increased 4.5 percent.

The slow growth in personal income for Georgia was primarily due to a decline in transfer receipts, down 23.4 percent over the quarter, partially reflecting a decline in state unemployment compensation.

Personal current transfer receipts are benefits received by persons from federal, state, and local governments and from businesses for which no current services are performed. They include retirement and disability insurance benefits (mainly social security), medical benefits (mainly Medicare and Medicaid), income maintenance benefits, unemployment insurance compensation, veterans’ benefits, and federal education and training assistance.

For the U.S., personal income rose 2.6 percent as wages and proprietors’ income rose 9.3 percent and transfer receipts dropped 15.6 percent. Income from dividends, interest, and rent increased 3.3 percent.

Friday, November 19, 2021

Georgia workers experience higher levels of layoffs and discharges in September; fewer workers leave their job voluntarily

 In September, the number of job openings posted by employers and the number of hires were little changed from August, while the number of people quitting their jobs declined.

Job openings and hires

Georgia reported 415,000 job openings as of the last day of September as compared to 416,000 job openings reported for the last day in August. The September job openings rate stood at 8.3 percent. The national openings rate stood at 6.6 percent.

Georgia employers hired 253,000 workers in September, compared to 255,000 hired in August. The September hire rate was 5.5 percent as compared to the national rate of 4.4 percent.

In September 2020, there were 246,000 job openings in Georgia on the last day of the month. Employers hired 215,000 workers during the month of September 2020.

Separations and quits

Total separations in Georgia reached 245,000 in September with a separations rate of 5.4 percent. Nationally, the total separations rate stood at 4.2 percent.

Within total separations, workers choosing to leave their jobs voluntarily (quits) totaled 168,000 compared to 195,000 in August. The quits rate for September fell to 3.7 percent, down from 4.3 percent in August, For the nation, the September quits rate was 3.0 percent.

Although the number of quits decreased in September, the state remains on track for a record number of job quitters this year. In the first nine months of 2021, 1,427,000 workers have quit their jobs outpacing any other year since the start of the series in 2000.

The number of separations due to layoffs and discharges rose in September to 59,000, up from 42,000 in August. The layoffs and discharge rate increased to 1.3 percent in September, up from 0.9 percent in August. Nationally, the layoffs and discharge rate remained unchanged over the month at 0.9 percent.

About the Job Openings and Labor Turnover Survey 

Definitions and Methodology (National/State). Shared definitions and procedures for National and State JOLTS Estimates can be found at: www.bls.gov/news.release/jolts.tn.htm. 

Job openings include all positions that are open on the last business day of the reference month. The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100. 

Hires include all additions to the payroll during the entire reference month, including newly hired and rehired employees; full-time and part-time employees; permanent, short-term, and seasonal employees; employees who were recalled to a job at the location following a layoff (formal suspension from pay status) lasting more than 7 days; on-call or intermittent employees who returned to work after having been formally separated; workers who were hired and separated during the month, and transfers from other locations. The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100. 

Total 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. Quits include employees who left voluntarily with the exception of retirements or transfers to other locations. Layoffs and discharges includes involuntary separations initiated by the employer including layoffs with no intent to rehire; layoffs (formal suspensions from pay status) lasting or expected to last more than 7 days; discharges resulting from mergers, downsizing, or closings; firings or other discharges for cause; terminations of permanent or short-term employees; and terminations of seasonal employees (whether or not they are expected to return the next season). The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

Sunday, October 24, 2021

Job openings and quits headed for a record year in Georgia

 

Employers are advertising job opportunities in Georgia even as the number of people quitting their jobs reaches a record while the actual number of filled positions continues to grow but at a slower pace.

Number of people quitting their job in Georgia

(January 2011 to August 2021, seasonally adjusted)

Georgia set new state records for the number of people who chose to quit their jobs and for the number of job openings posted by employers, according to newly released information from the U.S. Bureau of Labor Statistics (BLS).

In August, 192,000 workers in Georgia quit their jobs, the largest single month number since the series began in 2000, putting Georgia on track for a record number of employees quitting their jobs in calendar 2021.

Georgia is on track to record the largest number of people choosing to leave their employment since the series began in 2000. For the first eight months of 2021, the number of job quitters has already reached 1,256,000 compared to 1,418,000 for all of 2018. 

The number of people quitting their jobs is a statistic watched by economists, as BLS explains, “Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs.” 

A similar story is being told in the number of job openings, which also set a record in August. Georgia employers posted 394,000 job openings as of the last day of August, the highest one-month level since the series began in 2000. 

As with the number of people quitting their jobs, the number of job openings are set to reach a calendar year record. Prior to this year, 2019 saw the largest number of openings at 2,787,000 over 12 months. So far in 2021, employers have posted 2,706,000 for the first eight months of the year. 

In August, the state posted a 3.5% unemployment rate as 181,591 people received unemployment benefits, which means that Georgia recorded 2.17 job openings for every unemployed person receiving benefits. In September the state’s unemployment rate dropped to 3.2%. 

The information provided comes from seasonally adjusted data published by the U.S. Bureau of Labor Statistics from the Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program provides information on labor demand and turnover. Additional information about the JOLTS program can be found at www.bls.gov/jlt/. Estimates are published for job openings, hires, quits, layoffs and discharges, and 1.6 separations. The JOLTS program covers all private nonfarm establishments, as well as civilian federal, state, and local government entities in the 50 states and the District of Columbia. 

Georgia job growth moderates 

A separate report from BLS showed that the number of new nonfarm jobs created in Georgia rose by 14,300 in September after falling by 700 in August. Both private sector and government employment, which had been growing strongly in June and July slowed significantly in August and September.

Combining the months of June and July, private sector jobs rose by 68,700 and government employment (Federal, state, and local governments combined) increased by 7,600 jobs.

For the two months of August and September, private sector jobs rose by 15,800, and government employment actually declined by 2,200 jobs.

In the third quarter of 2021 – July, August, and September -- employers in Georgia (private and government combined) created 49,700 new jobs compared to 87,600 jobs in the third quarter of 2020.

The increase in the number of people quitting their jobs in August can be interpreted as worker optimism about their economic futures, while the slowing job growth numbers might represent caution on the part of employers towards filling vacancies, or employers’ failure to attract enough acceptable applicants to meet their workforce needs.