The Last Word
by Carol Walsh, Editor-in-Chief
Job vacancies reached their highest level since the Job Vacancy Survey was launched 16 years ago – highlighting the strong demand for workers in Minnesota. DEED reported about 98,000 job openings in the second quarter of 2016. In fourth quarter 2016, 97,400 vacancies were reported, up 1.3 percent from a year earlier and representing the most job openings in any fourth quarter. The job vacancy rate remained steady in 2016 at 3.6 (number of vacancies per 100 jobs). The number of unemployed per vacancy has remained steady over the last two years, ranging from 1 to 1.2 statewide.
The Job Vacancy Survey is conducted twice a year to estimate hiring demand and job vacancy characteristics by industry and occupation. Survey recipients are about 10,000 firms in 13 regions of Minnesota. See what the Job Vacancy tool provides: https://mn.gov/deed/data/data-tools/job-vacancy/.