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

Jobs · ORIGINAL ECONOMIC RELEASE

Job Openings and Labor Turnover: April 2013

There were 3.8 million job openings on the last business day of April, little changed from 3.9 million in March, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.2 percent) also…

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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There were 3.8 million job openings on the last business day of April, little changed from 3.9 million in March, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.2 percent) also were little changed in April. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by geographic region.

Job Openings

The number of job openings in April was 3.8 million, little changed from March. (See table 1.) In April, the number of job openings was little changed in all industries and regions.

The number of job openings in April (not seasonally adjusted) increased over the year for total nonfarm and government and was little changed for total private. Job openings increased over the year for several industries and state and local government. Job openings decreased over the year for information; arts, entertainment, and recreation; and federal government. Job openings were up over the year for the West and little changed in the other regions. (See table 7.)

Hires

In April, the hires rate was little changed at 3.3 percent. The hires rate was little changed in all industries and regions over the month. (See table 2.)

Over the 12 months ending in April, the hires rate (not seasonally adjusted) was little changed for total nonfarm, total private, and government. The hires rate also was little changed for all industries and all four regions over the year. (See table 8.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Total separations also is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations include separations due to retirement, death, and disability, as well as transfers to other locations of the same firm.

In April, the quits rate was little changed at 1.7 percent. The quits rate was up for total private and little changed for government. The quits rate increased for professional and business services. The quits rate was little changed in all four regions. (See table 4.)

The number of quits (not seasonally adjusted) was up over the 12 months ending in April for total nonfarm and total private but was little changed for government. The quits level increased for professional and business services and for the Midwest and South. (See table 10.)

The layoffs and discharges component of total separations is seasonally adjusted at the total nonfarm, total private, and government levels and for the four regions. The layoffs and discharges rate was unchanged in April at 1.2 percent. The rate also was unchanged for total private and government and little changed in all four regions. (See table 5.)

The layoffs and discharges level (not seasonally adjusted) was little changed for total nonfarm, total private, and government over the 12 months ending in April. Over the year, the number of layoffs and discharges fell in other services and rose in federal government. The number of layoffs and discharges was little changed in all four regions. (See table 11.)

In April, there were 375,000 other separations for total nonfarm, little changed from the previous month. The number of other separations for total private and government was little changed. (See table 6.) Over the 12 months ending in April, the number of other separations rose for total nonfarm and total private and was little changed for government. (See table 12.)

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in April 2013, hires totaled 52.0 million and separations totaled 50.2 million, yielding a net employment gain of 1.8 million. These figures include workers who may have been hired and separated more than once during the year.

Source: U.S. Bureau of Labor Statistics · Original release Jun 11, 2013.

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 earlierMay 12, 2013Publication referenceJun 11, 201330 days laterJul 11, 2013
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.42%Observed 3.91%Observed +49 bps vs. earlier reference4.51%Observed +60 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

Mar 11, 2013 – Sep 11, 2013
Historical mortgage and Treasury observations around Jun 11, 2013Each 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.3.00%4.00%5.00%Publication date30-year fixed mortgage: 3.63% · Mar 14, 201330-year fixed mortgage: 3.54% · Mar 21, 201330-year fixed mortgage: 3.57% · Mar 28, 201330-year fixed mortgage: 3.54% · Apr 4, 201330-year fixed mortgage: 3.43% · Apr 11, 201330-year fixed mortgage: 3.41% · Apr 18, 201330-year fixed mortgage: 3.40% · Apr 25, 201330-year fixed mortgage: 3.35% · May 2, 201330-year fixed mortgage: 3.42% · May 9, 201330-year fixed mortgage: 3.51% · May 16, 201330-year fixed mortgage: 3.59% · May 23, 201330-year fixed mortgage: 3.81% · May 30, 201330-year fixed mortgage: 3.91% · Jun 6, 201330-year fixed mortgage: 3.98% · Jun 13, 201330-year fixed mortgage: 3.93% · Jun 20, 201330-year fixed mortgage: 4.46% · Jun 27, 201330-year fixed mortgage: 4.29% · Jul 3, 201330-year fixed mortgage: 4.51% · Jul 11, 201330-year fixed mortgage: 4.37% · Jul 18, 201330-year fixed mortgage: 4.31% · Jul 25, 201330-year fixed mortgage: 4.39% · Aug 1, 201330-year fixed mortgage: 4.40% · Aug 8, 201330-year fixed mortgage: 4.40% · Aug 15, 201330-year fixed mortgage: 4.58% · Aug 22, 201330-year fixed mortgage: 4.51% · Aug 29, 201330-year fixed mortgage: 4.57% · Sep 5, 2013Mar 11, 2013Jun 11, 2013Sep 11, 2013
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$1,416.72/month

3.91% · Jun 6, 2013

At the later reference$1,521.84/month

4.51% · Jul 11, 2013

The illustrative principal-and-interest payment is $105.12 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

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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