Further Signs of Tightening in the U.S. Labor Market: iCIMS Quarterly Report on Employer & Job Seeker Behaviors

Further Signs of Tightening in the U.S. Labor Market: iCIMS Quarterly Report on Employer & Job Seeker Behaviors

Saturday, April 30, 2016
recent study of 3,200 U.S. companies confirms a tightening U.S. labor market.  The average talent supply/demand ration per open job declined from 24 in the first quarter of 2015 to 21 in the fourth quarter.  On average, it took employers 44 calendar days to fill a job in 2015 and the timeline extended slightly over the course of the year. Geographically, the South and West portions of the U.S. had the shortest average time to fill at 43 days, modestly lower than an average 47 days in the Northeast.
 
Across industries, information (media and telecommunications) had an average of 40 applicants per job filled on the high end.  Leisure and hospitality and professional and business services had an average of 19.7 and 19.2 (respectively) applicants per job filled on the low end.
 
Although recent media reports have emphasized mounting concerns about the outlook for economic growth in 2016, data from this study reinforces the message that the U.S. labor market entered the new year with a substantial head of steam.
 
Learn about our region’s economy and workforce indicators here: http://gulfcoastindicators.org/economy-and-workforce.