hires

Job Openings at Record, Hires Not So Much

The BLS JOLTS report shows once again record high job openings.  While Wall Street cheers and proclaims the long bad jobs market over, not so fast.  Actual hiring still has not recovered to even the 2007 prerecession levels.  The Job Openings and Labor Turnover Survey shows there are 1.4 official unemployed per job opening for July 2015.

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 Labor Market Static

The BLS JOLTS report, or Job Openings and Labor Turnover Survey shows there are 2.9 official unemployed per job opening for October 2013.  The headlines blare job openings are at the highest level in five years, but that's not the real story as hiring is way below pre-recession levels.   Job openings have increased 80% from July 2009, while hires have only increased 24% from the same time period.

JOLTS Shows Jobs Static Again - 3.1 Unemployed Per Opening in July 2013

The BLS July JOLTS report, or Job Openings and Labor Turnover Survey shows there are 3.1 official unemployed per job opening and this has been the same story for the last six months.  Job openings declined by -4.7% from the previous month to a total of 3,689,000.  Hirings increased 2.3% to 4.419 million.  Real hiring has only increased 22% from June 2009.

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.

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