U.S. Manufacturing Job-Opening Rate Fell In January

The rate at the end of January rose 3.1 percent, according to the Bureau of Labor Statistics.

There were 4.4 million job openings in the United States at the end of January, and the job-openings rate was 3.1 percent, according to the Labor Department.

Information collected by the Bureau of Labor Statistics found that the job-openings rate rose in construction but fell in manufacturing, retail trade, leisure and hospitality, and accommodations and food services. Government employment stayed flat.

The industries with the highest job openings rate in January 2007 were professional and business services, with a 4.1 percent increase, and leisure and hospitality and education and health services, with each gaining 3.9 percent.

From January 2006 to January 2007, the hiring rate rose in wholesale trade, information, healthcare and social assistance, accommodations and food services and the federal government. Over the last 12 months, hires have averaged 5.0 million per month and separations have averaged 4.6 million per month, not seasonally adjusted.

Despite little month-to-month change in the hiring and separations rates, there continues to be considerable unrest in the labor market with large numbers of hiring and separations every month.

The annual hiring rate rose slightly in 2006 while the turnover, or separations, rate held steady.

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