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Unemployed Job Seekers Per Opening

(JOLTS)
Unemployed Job Seekers Per Opening

Overview

New York State and United States

March 2023 - March 2024

JOLTS Chart March 2024

Data Highlights: March 2024 (seasonally adjusted)

According to the U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), in March 2024 there were 532,000 job openings in New York State. This was up from February’s revised level of 513,000. At the same time, the number of unemployed in New York State decreased from 429,600 in February to 418,200 in March 2024.

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 March 2024, there were 0.8 job seekers per job opening in New York State, unchanged from February’s level. The state’s ratio stood at 0.9 in March 2023.

Nationally, the number of job openings decreased by 3.7% and the number of unemployed decreased by 0.4% between February and March 2024. As a result, the ratio of unemployed job seekers to job openings in the U.S. increased from 0.7 to 0.8 during this period. In March 2023, the U.S. ratio was 0.6.

At the beginning of the last national recession in February 2020, the number of unemployed job seekers per job opening stood at 1.1 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