Job Openings Down 81,000 in January

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January 2012 job openings decreased 81,000 (2.3%). Hires are down 30,000(.7%), but separations are down 79,000 (2%). The decline in hires was highly mitigated by a rush of new government employees. Total government hires increased 24,000 (8%) while private hires fell 54,000 (1.4%).

The biggest sector job opening gain was in Finance/Insurance which is up 43,000 (27.6%), while the biggest loss came to professional business services which dropped 56,000 (7.1%). The manufacturing sector made an impressive jump up this month adding 33,000 new jobs–a gain of 13.1%.

For more information see our Job Openings and Labor Turnover Report.

–From the BLS and the St. Louis Federal Reserve

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