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What is the current breakdown of job openings vs. hires?

Posted by Avery Vise on Jul 6, 2021 12:55:45 PM

Avery Vise presents labor statistics such as job openings & hires and the labor participation rate.

This Q&A response from the FTR Experts came from our May Economic Outlook. View the video and the key takeaways below. 

 
Key Takeaways:
  • There were 8.1 million job openings at the end of March, the highest on record since this data began being tracked and shared in 2001.
  • The labor participation rate plummeted after the initial pandemic outbreak and has only recovered about halfway.

 

Tags: Economy, employment, jobs, outlook, unemployment, hirings

 

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