Floyd Norris–Americans Lose Jobs at Lower Rates, but Hiring Is Also Down

American workers are being fired or laid off less often than at any time in the last decade, the government reported this week. But companies are also less willing to hire than they used to be.

The Labor Department’s Job Openings and Labor Turnover Survey for February showed that during that month the total number of people who were either discharged or laid off totaled just 0.9 percent of all job holders in the United States. It was the first month since that survey began in 2000 that the figure dipped below 1 percent.

Over the most recent 12 months, the Labor Department figures show, only 15.1 percent of workers lost their jobs because of layoffs or discharges. Until this year, the lowest figure for any 12 months had been 15.3 percent, during the period ending in September 2006. That came as the economic boom was cresting before the recession that began at the end of 2007.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, History, Labor/Labor Unions/Labor Market, Personal Finance, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--