Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
July 13, 2009
Hiring Rate Slowest Since 2000

The hiring rate has slipped to the lowest point since the Department of Labor's Bureau of Labor Statistics began tracking it in December 2000.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The hire rate was at 3.0 percent in May. To calculate the hire rate, the bureau includes the total number of additions to the payroll occurring at any time during the month.

That includes both new and rehired employees, full-time and part-time, permanent, short-term and seasonal employees, employees recalled to the location after a layoff lasting more than 7 days, on-call or intermittent employees who returned to work after having been formally separated, and transfers from other locations. The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100.

Meanwhile, the total separations rate declined over the month (3.3 percent). Total separations include quits (voluntary separations), layoffs and discharges (involuntary separations), and other separations (including retirements). The job openings rate remained unchanged in May at 1.9 percent. Since May 2008, the number of job openings has declined by 1.5 million, or 36 percent.

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: