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Openings, hires, separations fall

February 13 2008

The number of job openings was 4.0 million on the last business day of December, down 362,000 year-over-year, the U.S. Bureau of Labor Statistics reported Monday. There were 4.4 million job openings in December 2006.

The job openings rate was 2.8% in December compared with 3.1% in December 2006.

The hires rate fell to 3.3% in December from 3.6% in December 2006, according to the BLS. There were approximately 4.6 million hires in December, down 323,000 from almost 5.0 million in December 2006.

Separations fell by 195,000 year-over-year to 4.3 million in December. The separations rate was 3.1% in December compared with 3.3% in December 2006.

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