Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: September 2006

The job openings and total separations rates were unchanged in September, while the hires rate was essentially unchanged, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This release includes esti- mates…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

The job openings and total separations rates were unchanged in September, while the hires rate was essentially unchanged, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This release includes esti- mates 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 2006, there were 4.1 million job openings in the United States and the job openings rate was 2.9 percent. The job openings rate was unchanged over the month and has been little changed since November 2005. In September, the job openings rate did not change significantly in any industry or region. The industries with the highest seasonally adjusted job openings rate in September 2006 were edu- cation and health services (3.8 percent), leisure and hospitality (3.8 per- cent), and professional and business services (3.7 percent). (See table 1.)

Over the year, the job openings rate rose in several of the private sector industries, in state and local government, and in the Northeast region. The job openings rate did not decline significantly over the year in any industry or region. (See table 5.)

Hires

The hires rate was little changed at 3.5 percent in September. Hires are any additions to the payroll during the month. In September, the hires rate did not rise significantly in any industry but fell in trade, transportation, and utilities and in government. Geographically, the hires rate did not change significantly in any region over the month. The seasonally adjusted hires rate was highest in September in the leisure and hospitality industry (6.2 percent). (See table 2.)

From September 2005 to September 2006, the hires rate increased in mining and in finance and insurance but decreased in construction; arts, entertain- ment, and recreation; federal government; and the Northeast region. (See table 6.)

Separations

The total separations, or turnover, rate was unchanged at 3.2 percent in September. Separations are terminations of employment that occur at any time during the month. In September, the total separations rate did not increase significantly in any industry but did decrease in education and health ser- vices. Geographically, the separations rate did not change significantly in any region over the month. (See table 3.)

Total separations include quits (voluntary separations), layoffs and dis- charges (involuntary separations), and other separations (including retire- ments). The quits rate, which can serve as a barometer of workers' ability to change jobs, edged down to 1.8 percent in September. Over the month, the quits rate did not rise significantly in any industry or region but declined in leisure and hospitality and in the South region. In September, the sea- sonally adjusted quits rate was highest in the leisure and hospitality in- dustry (3.6 percent), which also had the highest hires rate. (See table 4.)

Over the year, the quits rate fell in many industries and in three of the four regions--the Midwest, South, and West. The quits rate rose significantly over the year in only one industry: real estate and rental and leasing. (See table 8.)

The other two components of total separations--layoffs and discharges, and other separations--are not seasonally adjusted. From September 2005 to Septem- ber 2006, the layoffs and discharges rate fell to 1.3 percent. For September 2006, the arts, entertainment, and recreation industry had the highest layoffs and discharges rate (12.5 percent). From September 2005 to September 2006, the other separations rate was little changed at 0.2 percent. (See tables 9 and 10.)

Flows in the Labor Market

Hires and separations data help show dynamic flows in the labor market. Over the 12 months ending in September 2006, hires have averaged 4.9 million per month and separations have averaged 4.5 million per month (not seasonally adjusted). The comparable figures for the prior 12-month period were 4.8 mil- lion hires and 4.6 million separations. (See the Technical Note for additio- nal 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 2006 is scheduled to be issued on Tuesday, December 12, 2006.

Source: U.S. Bureau of Labor Statistics · Original release Nov 7, 2006.

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
Benchmark30 days earlierOct 8, 2006Publication referenceNov 7, 200630 days laterDec 7, 2006
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®6.30%Observed 6.31%Observed +1 bps vs. earlier reference6.11%Observed −20 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore 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 7, 2006 – Feb 7, 2007
Historical mortgage and Treasury observations around Nov 7, 2006Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.6.00%6.50%7.00%Publication date30-year fixed mortgage: 6.55% · Aug 10, 200630-year fixed mortgage: 6.52% · Aug 17, 200630-year fixed mortgage: 6.48% · Aug 24, 200630-year fixed mortgage: 6.44% · Aug 31, 200630-year fixed mortgage: 6.47% · Sep 7, 200630-year fixed mortgage: 6.43% · Sep 14, 200630-year fixed mortgage: 6.40% · Sep 21, 200630-year fixed mortgage: 6.31% · Sep 28, 200630-year fixed mortgage: 6.30% · Oct 5, 200630-year fixed mortgage: 6.37% · Oct 12, 200630-year fixed mortgage: 6.36% · Oct 19, 200630-year fixed mortgage: 6.40% · Oct 26, 200630-year fixed mortgage: 6.31% · Nov 2, 200630-year fixed mortgage: 6.33% · Nov 9, 200630-year fixed mortgage: 6.24% · Nov 16, 200630-year fixed mortgage: 6.18% · Nov 22, 200630-year fixed mortgage: 6.14% · Nov 30, 200630-year fixed mortgage: 6.11% · Dec 7, 200630-year fixed mortgage: 6.12% · Dec 14, 200630-year fixed mortgage: 6.13% · Dec 21, 200630-year fixed mortgage: 6.18% · Dec 28, 200630-year fixed mortgage: 6.18% · Jan 4, 200730-year fixed mortgage: 6.21% · Jan 11, 200730-year fixed mortgage: 6.23% · Jan 18, 200730-year fixed mortgage: 6.25% · Jan 25, 200730-year fixed mortgage: 6.34% · Feb 1, 2007Aug 7, 2006Nov 7, 2006Feb 7, 2007
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 2, 2006

At the later reference$1,819.92/month

6.11% · Dec 7, 2006

The illustrative principal-and-interest payment is $38.95 lower 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

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.

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