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Unemployed Job Seekers Per Opening

(JOLTS)
Unemployed Job Seekers Per Opening

Overview

New York State and United States

September 2021 - September 2022

JOLTS Chart September 2022

Data Highlights: September 2022 (seasonally adjusted)

According to the U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), in September 2022 there were 528,000 job openings in New York State. This was up 5.6% from August’s revised level of 500,000. At the same time, the number of unemployed in New York State decreased from 445,100 in August to 404,600 in September 2022.

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 September 2022, there were 0.8 job seekers per job opening in New York State, down from August’s level of 0.9. The state’s ratio stood at 1.0 in September 2021.

Nationally, the number of job openings increased by 4.3% and the number of unemployed decreased by 4.3% between August and September 2022. As a result, the ratio of unemployed job seekers to job openings in the U.S. decreased from 0.6 to 0.5 during this period. In September 2021, the U.S. ratio was 0.7.

At the beginning of the last national recession in February 2020, the number of unemployed job seekers per job opening stood at 1.0 in New York State 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