beveridge curve

JOLTS Shows Job Openings Don't Necessarily Mean Hiring

The BLS August 2016 JOLTS report shows once again job openings exceeding the number of hires.  While the number of openings declined for the month, the number of hires stayed below it.  The Job Openings and Labor Turnover Survey history clearly has hires exceeding openings as a trend since February 2015.  For August, job openings were 5.4 million while hires were 5.2 million.

April JOLTS Shows Job Openings Strong While Hiring Slides

The BLS April 2016 JOLTS report shows job openings once again matching their July 2015 record high.  Actual hiring though slid and openings now far exceed the number of people hired.  The Job Openings and Labor Turnover Survey history shows a new trend as job openings have surpassed actual hiring and this has been going on since February 2015.

JOLTS Shows Job Hiring Strong

The BLS February 2016 JOLTS report shows very high job openings once again.  Job openings have more than recovered from the recession and now job openings are greater than the number of new hires.  Actual hiring has also reached prerecession levels and is at a nine year high.  The Job Openings and Labor Turnover Survey shows there are now 1.4 official unemployed per job opening for February 2016.

There Were 1.9 Persons Per Job Opening in October 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 1.9 official unemployed per job opening for October 2014.  Job openings were around 4.8 million.   Job openings returned to pre-recession levels while hires has increased 33% since June 2009.  In just the private sector job openings have also recovered to precession levels while private hires have increased 40% from their 2009 lows.

There Were Two Unemployed Persons Per Job Opening in August 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 2.0 official unemployed per job opening for August 2014.  Job openings were around 4.8 million with hiring coming in at a lower rate than July.   Job openings returned to precession levels while hires have only increased 27% since June 2009.

Jolts Report Shows 2.6 Unemployed Per Job Opening in January 2014

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 2.6 official unemployed per job opening for January 2014.  Job openings were around four million yet hires and separations are almost equal, keeping the job market fairly static.   Job openings have increased 85% from July 2009, while hires have only increased 24% from the same time period.

JOLTS Report Shows Job Openings Static Again for May 2013

The BLS May JOLTS report, or Job Openings and Labor Turnover Survey shows there are 3.1 official unemployed per job opening, the same as the last three months.  Every month it is the same story, a static dead pool job market with employers clearly not hiring and this is in spite of the revisions to jobs gained.  Job openings didn't change, a measily 0.7% increase from last month to a total of 3,828,000.  Hirings didn't change much either, a 1.0% change to 4.441 million.  Real hiring has only increased 22% from June 2009.  Job openings are still below pre-recession levels of 4.7 million.  Job openings have increased 76% from July 2009.  Every month JOLTS reports the same bleak labor market conditions.

JOLTS Shows Jobs Static - 3.1 Unemployed Per Opening in April 2013

The BLS April JOLTS report, or Job Openings and Labor Turnover Survey shows there are 3.1 official unemployed per job opening, the same as the last two months.  Every month it is the same story, a static dead pool job market with employers clearly not hiring.  Job openings declined -3.0% from last month to a total of 3,757,000.  People hired did increase by 4.7% to 4,425 million.  Yet, real hiring has only increased 22% from June 2009.

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