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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

August 2020 - August 2021

Unemployed Job Seekers per Opening Northeast Region* and United States August 2020 – August 2021

Data Highlights: August 2021 (seasonally adjusted)

Data Highlights: August 2021 (seasonally adjusted)

According to the U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), in August 2021 there were 1,802,000 job openings in the Northeast region, which includes New York State. This was down 11.2% from July’s revised level of 2,030,000. At the same time, the number of unemployed in the Northeast region decreased from 1.85 million in July to 1.83 million in August 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 August 2021, there was 1.0 job seeker per job opening in the Northeast region, up from July’s level of 0.9. The region’s ratio stood at 2.8 in August 2020.

Nationally, the number of job openings decreased by 5.9% and the number of unemployed decreased by 3.7% between July and August 2021. As a result, the ratio of unemployed job seekers to job openings in the U.S. was unchanged at 0.8 over this period. In August 2020, the U.S. ratio was 2.1.

At the beginning of the last 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