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Unemployed Job Seekers Per Opening

(JOLTS)
Unemployed Job Seekers Per Opening

Overview

New York State and United States

November 2022 - November 2023

JOLTS Chart November 2023

Data Highlights: November 2023 (seasonally adjusted)

According to the U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), in November 2023 there were 454,000 job openings in New York State. This was down from October’s revised level of 457,000. At the same time, the number of unemployed in New York State increased from 409,500 in October to 420,600 in November 2023.

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 November 2023, there were 0.9 job seeker per job opening in New York State, unchanged from October’s level. The state’s ratio stood at 0.9 in November 2022.

Nationally, the number of job openings decreased by 0.7% and the number of unemployed decreased by 2.8% between October and November 2023. As a result, the ratio of unemployed job seekers to job openings in the U.S. held constant at 0.7 during this period. In November 2022, 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