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Nearly 2 open jobs for every 1 unemployed person. What gives?


Source: https://www.bloomberg.com/news/articles/2022-07-06/us-job-openings-dip-slightly-to-11-3-million-remain-near-record

1.9 jobs for every unemployed person

The Labor Department’s Job Openings and Labor Turnover Survey discussed in Bloomberg’s article shows there were 11.3 million job openings in May, or about 1.9 jobs for every unemployed person.


Source: Bureau of Labor Statistics in Bloomberg

Hiring, quitting and layoffs

The report also shows that 4.3 million Americans quit their jobs in May, which was the lowest in months. While hiring held steady, layoffs were about 1.4 million, way lower than pre-pandemic levels. It is still a job seekers' market.

What gives? Barriers to employment

One of the reasons roles are going unfilled is barriers to employment. In order to fill their open roles, employers should embrace fair-chance hiring. In doing so, they should examine their talent practices to ensure they remove undue barriers to employment for people with felonies and other criminal records.

Giving chance to justice-involved job seekers shown positive results, including increased productivity, and lower turnover rates.

Accessing this large, diverse talent pool

Honest Jobs is the nation’s leading fair-chance employment platform, connecting job seekers and employers. Since launching in 2018, we have attracted nearly 1,000 companies by providing technology that makes it easy to offer fair-chance employment to this large, diverse talent pool. Learn more about our work and start posting jobs at www.honestjobs.co

Source: https://www.bloomberg.com/news/articles/2022-07-06/us-job-openings-dip-slightly-to-11-3-million-remain-near-record

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