Rabu, 08 Juni 2011
Economic Jolt: Job Openings and Labor Turnover April 2011

Job “layoffs and discharges” declined 5.66% from March while dropping 3.28% below the level seen last year while quitting activity continues to declined 4.01% from March but remaining 6.85% above the level seen in April 2010.
It’s important to understand that job “quits” are included as a component of the “separations” data series as “quitting” is a valid means of workers “separating” from employers but their inclusion tends to create an overall procyclical trend in what would otherwise be logically thought of as a countercyclical process (i.e. downturn leads to increase in separations not decrease).
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