Labor Department data shows what has happened to job openings
only through June, before Trump's latest tariff threat on China, which has triggered a stock market sell-off, but anecdotal evidence suggests more companies might be hesitating to post jobs.
have risen 8.6% in the past year, while total hiring in the JOLTS report has barely increased.
Before the Great Recession of 2007-09, the job openings
peaked in April 2007, hires in September 2005, and quits in November 2006, each many months before the declared beginning of the recession.
Caption: Figure 3 Comings and goings: Monthly rate of job openings
, hires, and quits, seasonally adjusted
*Projected Annual Job Openings
refers to the average annual job openings
due to growth and net replacement.
For selected occupations in each of those groups, the tables that follow show data on employment and self-employment in 2014, projected job openings
from 2014 to 2024, and median annual wages in 2016.
The active job openings-to-applicants ratio is defined as monthly active job openings
subtracted by monthly active job applicants.
Statewide, employers reported that they had trouble filling 59 percent of their job openings
, even in an expanding economy.
Usually the number of job openings
aligns closely with the number of hires.
climbed to a 14-year high in February, indicating companies are optimistic about the prospects for sales and the U.S.
Early on in the current recovery, economists and policymakers were worried about a potential shift in the Beveridge curve--an empirical relationship between job openings
and unemployment that is viewed as a measure of the efficiency with which the labor market is matching unemployed workers to the available openings.
It revealed an 11.6 per cent increase in job openings
this year, with overall recruitment returning to the same level as 2007 - before the start of the recession.