Today, the Bureau of Labor Statistics (BLS) released December 2016 figures from its Job Openings & Labor Turnover Survey (JOLTS), which tracks job openings, hires, and separations (quits, layoffs and discharges, and other separations including retirement).
The seasonally adjusted ratio of unemployed persons per job opening – an indication of labor market activity and competitiveness – was at 1.3 candidates per job opening in the Midwest in December. The ratio is the same as the previous month and down from 1.5 a year ago. The U.S. ratio was 1.4 in December, which is up slightly from 1.3 a month ago and down from 1.5 a year ago.
The Midwest reported 1.16 million new hires in December 2016, a 7% percent decrease year-over-year. Nationally, hiring activity decreased by 2.8% percent in the same time period.
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