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January 2017 Job Report: Job Openings, Unemployment Rate, Market Trends

Published February 6th, 2017 by Julie

January 2017 Job Report: Job Openings, Unemployment Rate, Market Trends*

Unemployment [4.8%]
According to U.S. Bureau of Labor Statistics the unemployment rate rose to 4.8% from 4.7% in December.

 

Job Openings [227,000]
Job openings rose to 227,000 in January from 157,000 in December, almost a 45% increase in one months time. 

 

Hire Rate [3.6%] & Quit Rate [2.0%]
Throughout 2016 the hire rate fluctuated between 3.5% and 3.8%, ending the year at 3.6% and the quit rate fluctuated between 2.0% and 2.1%, ending the year at 2.0% 

 

 
Temporary Employment Services Market Trends:
Temporary help services employment rose in January, 0.5%, with an increase of 14,800 new jobs after facing a .52% decline in December 2016. YOY temporary help employment was up 3.3%, which is the fastest growth rate since December 2015, with monthly job increases averaging about 7,800 within the past year.

*Bureau of Labor Statistics, U.S. Department of Labor, Disclaimer, on the Internet at www.bls.gov

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