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August 01, 2022
From September 2021 to December 2021, there were 9.6 million gross job gains from opening and expanding private sector establishments. Over this period, gross job losses from closing and contracting private sector establishments were 6.7 million. The difference between the number of gross job gains and the number of gross job losses resulted in a net employment gain of 2.9 million jobs during the fourth quarter of 2021. Full Text »
This Beyond the Numbers article will describe the unemployed people per job openings ratio and examine unemployment and job openings trends by looking at estimates at the national level from December 2000 to December 2021, and at the state and regional level from December 2017 to December 2021. National data allows users to see the relationship more clearly between labor supply and demand nationwide, while state and regional data allows for comparative analysis across state labor markets.
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