The job market made a significant push in April. The average daily number of posted job openings grew 7.1%, a rate last seen in April 2010. The job market made up for the slow growth in March when employers barely increased their labor demand. Nevertheless, the current need for more labor has not yet reached last years peak. We will learn over the next 30 days whether employers remain optimistic and continue to post more openings. In order to exceed last years peak the current job market would need to grow another 2.8%.
The first three weeks in April produced the current result for the month. Last week, growth of labor demand was minimal. Employers posted on average just 0.1% more job openings.
Note: A weekly update on the United States Job Openings (Online Postings) is available on this blog every Tuesday.
Legend for week-over-week change of labor demand:
|slow||0.1% – 0.5%|
|moderate||0.6% – 1.5%|
Methodology:SkillPROOF surveys the inventories of job openings at direct employers. Job openings are counted and verified every 24 hours. All data sources have been verified for timely removal of filled or closed positions. No data from job boards or search firms is included.
For this report SkillPROOF estimates the counts of job openings. Estimates are calculated directly from SkillPROOF’s actual daily counts of job openings. As part of its calculations, SkillPROOF uses data and findings from reports of the Bureau of Labor Statistics (BLS) (http://www.bls.gov).