Oregon Job Openings and Labor Turnover — February 2024

Oregon had 114,000 job openings in February 2024, compared to 142,000 openings in January, the U.S. Bureau of Labor Statistics reported today. (See table 1.) Regional Commissioner Chris Rosenlund noted that the job openings rate in Oregon was 5.5 percent in February and 6.7 percent in the previous month. (See chart 1 and table 2.) The job openings rate nationally was 5.3 percent in February, unchanged from January. (See table 3.) All data in this release are seasonally adjusted.

The ratio of unemployed persons per job opening in Oregon was 0.8 in February. Nationwide, 31 states and the District of Columbia had ratios in February that were lower than the national measure of 0.7 unemployed persons per job opening; 13 states had ratios that were higher than the national ratio, and 6 states had ratios equal to the national measure. (See map 1.)

In February, Oregon had 77,000 hires and 82,000 separations, compared to 87,000 hires and 84,000 separations in January. (See chart 2.) Over the 12 months ending in February, hires have averaged 77,000 per month and separations have averaged 78,000 per month. These averages include workers who may have been hired and separated more than once during the year.

Among the February separations in Oregon, 51,000 were quits and 23,000 were layoffs and discharges, compared to 52,000 quits and 26,000 layoffs and discharges in January. (See chart 3.) Over the last 12 months, quits averaged 49,000 per month, ranging from 40,000 to 53,000. Layoffs and discharges have averaged 23,000 per month, ranging from 18,000 to 26,000.

The State Job Openings and Labor Turnover Survey estimates for March 2024 are scheduled to be released on Friday, May 17, 2024, at 10:00 a.m. (ET).

Technical Note

This news release presents statistics from the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program provides information on labor demand and turnover. The state estimates produced by JOLTS are model-based, incorporating JOLTS sample, Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) estimates. For more information see the JOLTS State Estimates Methodology.

Job Openings. Job openings include all positions that are open on the last business day of the reference month. A job is open only if it meets all three of these conditions:

• A specific position exists and there is work available for that position.
• The job could start within 30 days.
• The employer is actively recruiting workers from outside the establishment to fill the position.

The number of unemployed persons per job opening is a ratio of the level of unemployed persons and the level of job openings. The number of unemployed persons at the national level is an estimate from the Current Population Survey (CPS), while state-level unemployment estimates are modeled by the Local Area Unemployment Statistics (LAUS) program. A ratio of 1.0 means there is a job available for every unemployed person. Lower ratios signal tighter labor markets, where firms have more job openings than there are unemployed persons available to work. Higher ratios indicate there are more unemployed persons competing for each job opening.

Hires. Hires include all additions to the payroll during the entire reference month.

Separations. Separations include all separations from the payroll during the entire reference month and is reported by type of separation: quits, layoffs and discharges, and other separations.

• Quits include employees who left voluntarily, except for retirements or transfers to other locations.
• Layoffs and discharges include involuntary separations initiated by the employer.
• Other separations include retirements, transfers to other locations, separations due to employee disability, and deaths.

Levels and rates of other separations represent a small portion of total separations and are not published with the release of state estimates.

Complete definitions, including exclusions, and additional information about the State JOLTS data presented in this release are available in the State Job Openings and Labor Turnover Technical Note.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Job openings and labor turnover for Oregon, seasonally adjusted (in thousands)

Estimate	February 2023	November 2023	December 2023	January 2024	February 2024(p)	Change from January 2024 to February 2024(p)
Openings	126	103	102	142	114	-28
Hires	82	67	68	87	77	-10
Total separations	79	76	63	84	82	-2
Quits	50	52	40	52	51	-1
Layoffs & discharges	24	20	18	26	23	-3
Footnotes: (p) Preliminary.

Table 2. Job openings and labor turnover rates for Oregon, seasonally adjusted

Estimate	February 2023	November 2023	December 2023	January 2024	February 2024(p)	Change from January 2024 to February 2024(p)
Openings(1)	6.0	4.9	4.9	6.7	5.5	-1.2
Hires(2)	4.1	3.4	3.4	4.4	3.9	-0.5
Total separations(3)	4.0	3.8	3.2	4.3	4.2	-0.1
Quits(3)	2.5	2.6	2.0	2.6	2.6	0.0
Layoffs & discharges(3)	1.2	1.0	0.9	1.3	1.2	-0.1
Footnotes: (p) Preliminary. (1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100. (2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100. (3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

Table 3. Job openings and labor turnover rates for the United States, seasonally adjusted

Estimate	February 2023	November 2023	December 2023	January 2024	February 2024(p)	Change from January 2024 to February 2024(p)
Openings(1)	6.0	5.4	5.3	5.3	5.3	0.0
Hires(2)	3.9	3.5	3.7	3.6	3.7	0.1
Total separations(3)	3.8	3.4	3.4	3.5	3.5	0.0
Quits(3)	2.6	2.2	2.2	2.2	2.2	0.0
Layoffs & discharges(3)	1.0	1.0	1.0	1.0	1.1	0.1
Footnotes: (p) Preliminary. (1) The job openings rate is computed by dividing the number of job openings by the sum of employment and job openings and multiplying that quotient by 100. (2) The hires rate is computed by dividing the number of hires by employment and multiplying that quotient by 100. (3) The separations rate is computed by dividing the number of separations by employment and multiplying that quotient by 100. The quits and layoffs and discharges rates are computed similarly.

Public link

Please use the above public link if you want to share this noodl on another website.