The job openings rate increased in September while the hires and total separations rates were unchanged, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This release includes estimates of the number and…
Source: U.S. Bureau of Labor Statistics2 min read
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The job openings rate increased in September while the hires and total separations rates were unchanged, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry and geographic region.
Job Openings
On the last business day of September 2005, there were 3.7 million job openings in the United States, and the job openings rate was 2.7 percent. (See table 1.) The job openings rate rose in September, continuing the generally upward trend that began in September 2003. Over the month, the job openings rate increased in government and in the South region.
Hires and Separations
The hires rate was unchanged at 3.4 percent in September. (See table 2.) Hires are any additions to the payroll during the month. Over the month, the hires rate did not change significantly in any industry or region.
The total separations, or turnover, rate was unchanged at 3.4 percent in September. (See table 3.) Separations are terminations of employment that occur at any time during the month. In September, the total separa- tions rate increased in the professional and business services industry and in government. The total separations rates in the four geographic regions did not change significantly from August.
Total separations include quits (voluntary separations), layoffs and discharges (involuntary separations), and other separations (including retirements). The quits rate, which can serve as a barometer of workers' ability to change jobs, was essentially unchanged at 2.0 percent in September. (See table 4.) The quits rate increased in manufacturing and in professional and business services, but did not change signifi- cantly in any geographic region.
The other two components of total separations--layoffs and discharges, and other separations--are not seasonally adjusted. From September 2004 to September 2005, the layoffs and discharges rate was unchanged at 1.3 percent, but the other separations rate decreased to 0.2 percent. (See tables 9 an 10.)
Hires and separations data help show dynamic flows in the labor market. Over the last 12 months, hires have averaged 4.7 million per month and separations have averaged 4.4 million per month (not seasonally adjusted). The comparable figures a year earlier were 4.4 million hires and 4.2 million separations. (See the Technical Note for additional information on these measures.)
For additional information, please read the Technical Note or visit the JOLTS Web site at http://www.bls.gov/jlt/. Additional information about JOLTS also may be obtained by e-mailing Joltsinfo@bls.gov or by calling (202) 691-5870.
The Job Openings and Labor Turnover release for October 2005 is scheduled to be issued on Tuesday, December 13, 2005.
Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.
MortgageRates.news analysis · Historical context
The mortgage market around this release
This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.
Separate job openings from hiring
JOLTS measures unfilled openings on the last business day of a month, while hires and separations cover the whole month. Openings are not new payroll jobs. Read vacancies alongside hiring, quits and layoffs, and distinguish counts from rates and revised estimates. These measures add detail about labor demand and turnover to the policy discussion. The benchmark window below describes borrowing conditions around publication; it cannot attribute a rate change to this report. BLS Job Openings and Labor Turnover Survey.
Nearest published observation on or before each target date
UnavailableBefore available coverage, which starts Jan 4, 2016.
UnavailableBefore available coverage, which starts Jan 4, 2016.
UnavailableBefore available coverage, which starts Jan 4, 2016.
Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.
Six months around publication
Aug 8, 2005 – Feb 8, 2006
30-year fixed mortgage26 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.
What that benchmark difference would mean for a $300,000 loan
At the publication reference$1,858.87/month
6.31% · Nov 3, 2005
At the later reference$1,860.83/month
6.32% · Dec 8, 2005
The illustrative principal-and-interest payment is $1.96 higher per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.
Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.
Sources, historical coverage and calculation limits
Freddie Mac Primary Mortgage Market Survey®: available observations from Apr 2, 1971 through Nov 5, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
U.S. Department of the Treasury: available observations from Jan 4, 2016 through Nov 10, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.
Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.