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Hiring Rates Continue to Languish

Created on September 1, 2011

Hiring Rates Continue to Languish

Hiring Rates Continue to Languish

Layoffs and Discharges

New Hires

Layoffs and Discharges

New Hires

Millions of Jobs per Quarter

After spiking in 2009, the layoff rate returned to its normal level within a year. However, the number of new hires per quarter is still about 3 million lower than normal.

Chart 3 • B 2602

heritage.org

Q1 2011

Q1 2010

Q1 2009

Q1 2008

Q1 2007

Q1 2006

Q1 2005

Q1 2004

Q1 2003

Q1 2002

Q1 2001

Source: U.S. Department of Labor, Bureau of Labor Statistics, “Job Openings and Labor Turnover Survey” / Haver Analytics.