I had some fun bouncing around the U.S. Department of Labor Bureau of Labor Statistics Website yesterday. Pretty dangerous for a numbers geek like me. You can imagine that I soon found myself knee-deep into numbers. As you probably know, we are spellbound by lists here at The Hire Sense so this site was rich with stats, numbers and lists. Beautiful.
Well anyway, here are some interesting numbers I found that I thought I would share with you. As I posted earlier this week, the United States unemployment rate is at 4.7%, but if we look at the number of job openings as a percent of total employment, 2.8%, we can see by just shear numbers the unemployment rate would be below 2%. One cannot look at these percents this way because you have to take into consideration that those unemployed may not have the proper skills or even be in the right location to fill the open positions. But by looking at these numbers you can start to see why companies are changing their hiring processes to compensate for the tight employment market that exisits.