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Wednesday, February 21, 2024
New York had 472,000 job openings in December 2023, compared to 467,000 openings in November, the U.S. Bureau of Labor Statistics reported today. (See table 1.) Regional Commissioner William J. Sibley noted that the job openings rate in New York was 4.6 percent in December, unchanged from the previous month. (See chart 1 and table 2.) The job openings rate nationally was 5.4 percent in December, also unchanged from November. (See table 3.) All data in this release are seasonally adjusted.
The ratio of unemployed persons per job opening in New York was 0.9 in December. The ratio has been less than 1.0 in New York since October 2021. Nationwide, 32 states and the District of Columbia had ratios in December that were lower than the national measure of 0.7 unemployed persons per job opening; 10 states had ratios that were higher than the national ratio, and 8 states had ratios equal to the national measure. (See map 1.)
In December, New York had 295,000 hires and 277,000 separations, compared to 295,000 hires and 291,000 separations in November. (See chart 2.) Over the 12 months ending in December, hires have averaged 288,000 per month and separations have averaged 266,000 per month. These averages include workers who may have been hired and separated more than once during the year.
Among the December separations in New York, 174,000 were quits and 83,000 were layoffs and discharges, compared to 174,000 quits and 100,000 layoffs and discharges in November. (See chart 3.) Over the last 12 months, quits averaged 157,000 per month, ranging from 127,000 to 187,000. Layoffs and discharges have averaged 93,000 per month, ranging from 78,000 to 118,000.
The State Job Openings and Labor Turnover Survey estimates for January 2024 are scheduled to be released on Tuesday, March 19, 2024, at 10:00 a.m. (ET).
This news release presents statistics from the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program provides information on labor demand and turnover. The state estimates produced by JOLTS are model-based incorporating JOLTS sample, Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) estimates. For more information see the JOLTS State Estimates Methodology.
Job Openings. Job openings include all positions that are open on the last business day of the reference month. A job is open only if it meets all three of these conditions:
The number of unemployed persons per job opening is a ratio of the level of unemployed persons and the level of job openings. The number of unemployed persons at the national level is an estimate from the Current Population Survey (CPS), while state-level unemployment estimates are modeled by the Local Area Unemployment Statistics (LAUS) program. A ratio of 1.0 means there is a job available for every unemployed person. Lower ratios signal tighter labor markets, where firms have more job openings than there are unemployed persons available to work. Higher ratios indicate there are more unemployed persons competing for each job opening.
Hires. Hires include all additions to the payroll during the entire reference month.
Separations. Separations include all separations from the payroll during the entire reference month and is reported by type of separation: quits, layoffs and discharges, and other separations.
Levels and rates of other separations represent a small portion of total separations and are not published with the release of state estimates.
Complete definitions, including exclusions, and additional information about the State JOLTS data presented in this release are available in the State Job Openings and Labor Turnover Technical Note.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.
Estimate | December 2022 | September 2023 | October 2023 | November 2023 | December 2023(p) | Change from November 2023 to December 2023(p) |
---|---|---|---|---|---|---|
Openings | 483 | 466 | 457 | 467 | 472 | 5 |
Hires | 329 | 274 | 282 | 295 | 295 | 0 |
Total separations | 280 | 260 | 299 | 291 | 277 | -14 |
Quits | 181 | 148 | 161 | 174 | 174 | 0 |
Layoffs & discharges | 76 | 94 | 118 | 100 | 83 | -17 |
Estimate | December 2022 | September 2023 | October 2023 | November 2023 | December 2023(p) | Change from November 2023 to December 2023(p) |
---|---|---|---|---|---|---|
Openings(1) | 4.8 | 4.6 | 4.5 | 4.6 | 4.6 | 0.0 |
Hires(2) | 3.4 | 2.8 | 2.9 | 3.0 | 3.0 | 0.0 |
Total separations(3) | 2.9 | 2.7 | 3.1 | 3.0 | 2.8 | -0.2 |
Quits(3) | 1.9 | 1.5 | 1.7 | 1.8 | 1.8 | 0.0 |
Layoffs & discharges(3) | 0.8 | 1.0 | 1.2 | 1.0 | 0.9 | -0.1 |
Footnotes: |
Estimate | December 2022 | September 2023 | October 2023 | November 2023 | December 2023(p) | Change from November 2023 to December 2023(p) |
---|---|---|---|---|---|---|
Openings(1) | 6.8 | 5.6 | 5.3 | 5.4 | 5.4 | 0.0 |
Hires(2) | 4.0 | 3.8 | 3.7 | 3.5 | 3.6 | 0.1 |
Total separations(3) | 3.8 | 3.6 | 3.6 | 3.4 | 3.4 | 0.0 |
Quits(3) | 2.6 | 2.3 | 2.3 | 2.2 | 2.2 | 0.0 |
Layoffs & discharges(3) | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.0 |
Footnotes: |
Last Modified Date: Wednesday, February 21, 2024