Tim Henderson | (TNS) Stateline.org
The number of job openings has declined sharply in every state since 2022, better aligning the numbers of unfilled jobs and people seeking work.
Nationally, for the first time since before the pandemic, the number of job openings and unemployed people is roughly in balance: a little more than one opening per person looking for work, according to a Stateline analysis of U.S. Bureau of Labor Statistics data. At the height of the labor shortage in 2022, there were two job openings per job seeker. As of April, the ratio was down to 1.2 openings per person.
But the proportion of workers to jobs ranges widely from state to state. In California, where layoffs in tech and the film industry have unsettled the job market, there is less than one opening per unemployed person. In North Dakota, where a brain drain has left a shortage of skilled and educated workers, there are almost three openings per unemployed person.
The federal government defines a job opening as an available position that an employer wants to fill within a month.
California, one of the few states where unemployment is above 5% and unemployed people outnumber job openings, has replaced Mississippi as the state with the highest unemployment rate. Washington state and Nevada also have less than one job opening per unemployed person.
The epicenter of the decline in job openings has been California’s Bay Area, including the San Francisco and Silicon Valley metro areas. California ended up losing nearly all the tech jobs it gained during a pandemic boom fueled by online work and shopping.
Vishwanath Eswarakrishnan, a 35-year-old software engineer in the Bay Area, was shocked by his layoff from a San Francisco robotaxi firm in December, a day before the birth of his second child. But as soon as he posted the news to social media, he started getting calls from major firms, including Airbnb, Uber and Nvidia. He accepted an offer from Meta within a month and started work again in March.
“There are opportunities out there for folks with eight to 15 years of experience. You do get calls,” Eswarakrishnan said. He added, however, that friends who have less experience or who work in less technical fields, such as product management, are having a harder time.
In North Dakota, by contrast, there are still almost three job openings for every unemployed person, though that’s down from more than four openings in some months of 2022. Before the pandemic, there were 2.7 openings for every job seeker.
North Dakota suffers from a lack of skilled workers to fill open jobs, and many who could fill them move to nearby cities, such as Minneapolis, looking for a more urban lifestyle and more desirable jobs, said Thomas Krumel, a professor at North Dakota State University who studies labor demand.
North Dakota’s oil boom peaked a decade ago but it left a lasting legacy of high wages and cost of living, he added.
“The positions that employers find most difficult to fill do not require a four-year college degree. Skilled trades, …read more
Source:: The Mercury News – Entertainment
