Quarterly Turnover Statistics by Industry, Fourth Quarter 2008

by: Douglas W. Leonard, Senior Economist

The statewide turnover rate was 35.4%, an increase of 0.6% from a year ago. The industry with the greatest change in its turnover rate was retail trade, which increased 9.2% from the prior year primarily due to a substantial increase in the number of exits.
(H)
(H)+(B)
(B)
(E)
(E)+(B)
(C)
(H+E+B+C)
Turnover
Sector
Major Industry
Hire Only
Total Hires
Both Hire and Exit
Exit Only
Total Exits
Continuous Employment
Total
Ratea
Change Prior Year
Goods Producing
  Agriculture, Forestry, Fishing, & Hunting Transactionsb 189 499 310 560 870 1,752 2,811 37.70% 1.90%
  Rates 6.70% 17.80% 11.00% 19.90% 30.90% 62.30% 100.00%
  Mining Transactions 3,116 5,208 2,092 4,582 6,674 24,690 34,480 28.40% 4.00%
  Rates 9.00% 15.10% 6.10% 13.30% 19.40% 71.60% 100.00%
  Construction Transactions 3,835 8,360 4,525 9,116 13,641 19,241 36,717 47.60% -2.10%
  Rates 10.40% 22.80% 12.30% 24.80% 37.20% 52.40% 100.00%
  Manufacturing Transactions 979 1,833 854 1,391 2,245 9,067 12,291 26.20% -0.20%
  Rates 8.00% 14.90% 6.90% 11.30% 18.30% 73.80% 100.00%
Service Providing
  Wholesale Trade, Transportation, Utilities, & Warehousing Transactions 1,988 3,092 1,104 2,856 3,960 17,566 23,514 25.30% -0.50%
  Rates 8.50% 13.10% 4.70% 12.10% 16.80% 74.70% 100.00%
  Retail Trade Transactions 4,688 9,833 5,145 9,985 15,130 21,050 40,868 48.50% 9.20%
  Rates 11.50% 24.10% 12.60% 24.40% 37.00% 51.50% 100.00%
  Information Transactions 423 568 145 406 551 3,930 4,904 19.90% -3.00%
  Rates 8.60% 11.60% 3.00% 8.30% 11.20% 80.10% 100.00%
  Financial Activities Transactions 1,306 1,860 554 1,727 2,281 9,609 13,196 27.20% 2.20%
  Rates 9.90% 14.10% 4.20% 13.10% 17.30% 72.80% 100.00%
  Professional & Business Services Transactions 2,766 5,659 2,893 4,585 7,478 13,974 24,218 42.30% -0.50%
  Rates 11.40% 23.40% 11.90% 18.90% 30.90% 57.70% 100.00%
  Educational Services Transactions 2,781 4,215 1,434 3,647 5,081 23,015 30,877 25.50% -0.30%
  Rates 9.00% 13.70% 4.60% 11.80% 16.50% 74.50% 100.00%
  Health Services Transactions 3,146 4,217 1,071 2,983 4,054 25,871 33,071 21.80% -0.60%
  Rates 9.50% 12.80% 3.20% 9.00% 12.30% 78.20% 100.00%
  Leisure & Hospitality Transactions 7,961 13,460 5,499 11,460 16,959 21,513 46,433 53.70% -2.10%
  Rates 17.10% 29.00% 11.80% 24.70% 36.50% 46.30% 100.00%
  Other Services Transactions 1,151 1,852 701 1,462 2,163 6,582 9,896 33.50% -0.20%
  Rates 11.60% 18.70% 7.10% 14.80% 21.90% 66.50% 100.00%
  Public Administration Transactions 1,384 1,773 389 1,511 1,900 19,427 22,711 14.50% -0.60%
  Rates 6.10% 7.80% 1.70% 6.70% 8.40% 85.50% 100.00%
Unclassified
    Transactions 12 31 19 217 236 50 298 83.20% 3.30%
Rates 4.00% 10.40% 6.40% 72.80% 79.20% 16.80% 100.00%
Total
  Transactions 35,725 62,460 26,735 56,488 83,223 217,337 336,285 35.40% 0.60%
Rates 10.60% 18.60% 8.00% 16.80% 24.70% 64.60% 100.00%
(H) Hire Only. (B) Both Hire and Exit. (E) Exit Only. (C) Continuous Employment.
aTurnover rate equals (H+E+B)/Total.
bJobs worked at any time during the quarter.