February 2017 Job Report: Job Openings, Unemployment Rate, Market Trends*
According to U.S. Bureau of Labor Statistics the unemployment rate dropped to 4.7% from 4.8% in January.
Job Openings [235,000]
Job openings rose to 235,000 in February from 227,000 in January, almost a 3.5% increase in one months time.
Hire Rate [3.6%] & Quit Rate [2.0%]
Both the hire rate (3.6%) and the quit rate (2.0%) remained the same from the previous month.
Temporary Employment Services Market Trends:
Temporary help jobs increased by 3,100 in February from the previous month. February's data also reported a decrease in temp jobs from 14,800 in January to 6,500 in February. The temporary penetration rate, defined as temporary jobs as a percent of total employment, decreased slightly to 2.038% in February from 2.039% in January.
*Bureau of Labor Statistics, U.S. Department of Labor, Disclaimer, on the Internet at www.bls.gov