People looking over resume

Unemployed Job Seekers Per Opening

(JOLTS)
Unemployed Job Seekers Per Opening

Overview

New York State and United States

July 2022 - July 2023

JOLTS Chart July 2023

Data Highlights: July 2023 (seasonally adjusted)

According to the U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), in July 2023 there were 456,000 job openings in New York State. This was up 2.2% from June’s revised level of 446,000. At the same time, the number of unemployed in New York State decreased from 383,900 in June to 380,200 in July 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 July 2023, there were 0.8 job seeker per job opening in New York State, down from June’s level of 0.9. The state’s ratio stood at 0.7 in July 2022.

Nationally, the number of job openings decreased by 3.7% and the number of unemployed decreased by 1.9% between June and July 2023. As a result, the ratio of unemployed job seekers to job openings in the U.S. increased from 0.6 to 0.7 during this period. In July 2022, the U.S. ratio was 0.5.

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