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JOLTS Update

By Oriane Casale
July 2023

The Job Openings and Labor Turnover (JOLTS) Survey conducted by the BLS shows that the number of job openings increased by 4,000 or 1.9% in Minnesota to 210,000 in May on a seasonally adjusted basis. Job openings are down 18,000 from one year ago or 7.9%. This compares to a decline of 14% at the national level over the year.

Minnesota had 0.4 unemployed workers for each job vacancy in May, unchanged from April. This is up from one year ago, which was at 0.3 unemployed workers for every job opening.  This indicates that, while Minnesota's labor market remains extremely tight, the hiring situation has improved somewhat over the year.

Minnesota ranked 4th tied with 18 other states on this measure in May.  Nationwide, there are 0.6 unemployed workers for each job vacancy, which is up from 0.5 one year ago.

Number of Job Openings Minnesota and United States

Source: BLS Job Openings and Labor Turnover Survey (JOLTS).

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