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Unemployed Job Seekers Per Opening

(JOLTS)
Unemployed Job Seekers Per Opening
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Overview

Northeast Region* and United States

January 2001 - February 2021

JOLTS Chart

Data Highlights: February 2021 (seasonally adjusted)

According to the U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), in February 2021 there were 1,277,000 job openings in the Northeast region, which includes New York State. This was up 9.6% from January’s revised level of 1,165,000. At the same time, the number of unemployed in the Northeast region decreased from 2.17 million in January to 2.15 million in February 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 February 2021, there were 1.7 job seekers per job opening in the Northeast region, down from January’s level of 1.9. The region’s ratio stood at 0.9 in February 2020.

Nationally, the number of job openings increased by 3.8% and the number of unemployed decreased by 1.6% between January and February 2021. As a result, the ratio of unemployed job seekers to job openings in the U.S. was unchanged at 1.4 over this period. In February 2020, the U.S. ratio was 0.8.

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