Turnover rate (Job Openings and Labor Turnover Survey)

What is Turnover rate (Job Openings and Labor Turnover Survey)?

Turnover rate (Job Openings and Labor Turnover Survey) meaning in Labor terms is The number of total separations during the month divided by the number of employees who worked during or received pay for the pay period that includes the 12th of the month (monthly turnover); the number of total separations for the year divided by average monthly employment for the year (annual turnover).

 

reference: Glossary: U.S. Bureau of Labor Statistics – United States Department of Labor

Tags: