GLOBAL ECONOMY
Can We Really Compare 7.1 Million U.S. Job Openings to 5.2 Million Hires?
One cannot simply divide U.S. job openings by hires to calculate a fill rate, because positions open at month-end and personnel movements over the course of a month do not track the same cohort. Analyzing the August JOLTS data—breaking down openings, hires, and separations by timing, denominators, and preliminary versus revised status—highlights the limits and applications for corporate workforce planning.
One cannot simply divide U.S. job openings by hires to calculate a fill rate, because positions open at month-end and personnel movements over the course of a month do not track the same cohort. Analyzing the August JOLTS data—breaking down openings, hires, and separations by timing, denominators, and preliminary versus revised status—highlights the limits and applications for corporate workforce planning.
If the number of U.S. job openings stands at 7.1 million and 5.2 million people are hired over the course of a month, did companies fail to fill the remaining 1.9 million positions? To HR professionals planning workforce operations at U.S.…
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