Northeast Region* and United States
May 2020 - May 2021
Data Highlights: May 2021 (seasonally adjusted)
According to the U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), in May 2021 there were 1,661,000 job openings in the Northeast region, which includes New York State. This was up 1.0% from April’s revised level of 1,645,000. At the same time, the number of unemployed in the Northeast region decreased from 2.03 million in April to 1.94 million in May 2021.
The ratio of unemployed job seekers to job openings is a useful labor market indicator. It is calculated by dividing the number of unemployed workers by the number of job openings. In May 2021, there were 1.2 job seekers per job opening in the Northeast region, unchanged from April’s level. The region’s ratio stood at 4.2 in May 2020.
Nationally, the number of job openings increased by 0.2% and the number of unemployed decreased by 5.1% between April and May 2021. As a result, the ratio of unemployed job
seekers to job openings in the U.S. decreased from 1.1 to 1.0 over this period. In May 2020, the U.S. ratio was 3.9.
At the beginning of the current national recession in February 2020, the number of unemployed job seekers per job opening stood at 0.9 in the Northeast and at 0.8 in the nation.
The Job Openings and Labor Turnover Survey (JOLTS) program produces data on job openings, hires and separations: https://www.bls.gov/jlt/
Unemployment data come from the U.S. Bureau of Labor Statistics’ Local Area Unemployment Statistics (LAUS) program: https://www.bls.gov/bls/unemployment.htm