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JOLTS Shows 3.1 Unemployed per Job Opening in February 2013

April 10, 2013 5:45 AM
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The BLS February JOLTS report, or Job Openings and Labor Turnover Survey shows there are 3.1 official unemployed per job opening. Job openings increased 8.7% from January to a total of 3,925,000. Actual hires, on the other hand, increased 2.8% to 4.418 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 80% from July 2009. While the increase in job opportunities is great, every month it is the same thing. There is never enough actual hiring.

There were 1.8 official unemployed persons per job opening at the start of the recession, December 2007. Below is the graph of the official unemployed per job opening. The official unemployed ranked 12.03 million in February 2013.

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