Job Market Monitor
Job Openings
Job Openings in US (end of April) – Decreased by 455,000 or 7.0 percent to 11.4 million
[In case you missed ] The number of job openings decreased to 11.4 million on the last business day of April … On the last business day of April, the number and rate of job openings decreased to 11.4 million (-455,000) and 7.0 percent, respectively. The largest decreases in job openings were in health care and … Continue reading
Job Openings and the Beveridge Curve in US – It shifted further outward during and after the COVID-19 pandemic
What are job openings? Using a sample of 16,000 employers, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) measures the number of people who have left their jobs. JOLTS also counts the number of positions for which employers are actively recruiting and would start within 30 days of hire. The number … Continue reading
Job Openings in US – At 11-month low
The number of job openings fell to 7.1 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.7 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little … Continue reading
Job Openings in US – Increased to 7.6 Million in January with more of them than people unemployed for the eleventh consecutive month
In January there were 7.581 million job openings, and, according to the January Employment report, there were 6.535 million unemployed. So, for the eleventh consecutive month, there were more job openings than people unemployed. Also note that the number of job openings has exceeded the number of hires since January 2015 (4 years). Chosen excerpts … Continue reading
Increased Mismatch in US – Will wages raise ?
U.S. job openings surged to a 14-year high in February but a steady pace of hiring suggested employers are having trouble finding suitable workers, a trend that could put upward pressure of wage growth. Job openings, a measure of labor demand, increased 168,000 to a seasonally adjusted 5.1 million, the Labor Department said in its … Continue reading
US – Job Openings increase to highest level since 2001
Job openings climbed in November to the highest level in almost 14 years as the strengthening U.S. economy fueled demand for labor. The number of positions waiting to be filled rose by 142,000 to 4.97 million in November, the most since January 2001, a report from the Labor Department showed today. The pace of hiring … Continue reading
US – Job Openings Outpace Hires writes Dallas Fed
In addition to employment and unemployment figures, data on the efficiency of the labor market offer more clues to its health. One way to determine this is to examine the degree of labor mismatch occurring. The classic illustration demonstrating mismatch is the Beveridge curve, which shows an intuitive relationship between the rate of job vacancies … Continue reading
Job openings in US – Highest in more than six years
The number of job openings in the U.S. recently hit the highest level in more than six years, a trend that could precede faster employment growth in coming months, according to a Tuesday analyst note. There were 4.17 million job openings in February -– the most since January 2008 — up 4% from a year … Continue reading
US – Hires Rate (3.3 percent) and Separations Rate (3.3 percent) unchanged in May
There were 3.6 million job openings on the last business day of May, little changed from 3.4 million in April, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.3 percent) were essentially unchanged in May. This release includes estimates of the number and rate of job openings, hires, … Continue reading
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