What We Found
Of the combined job seekers and hiring managers sampled (Hiring Managers who posted job openings AND Job Seekers who created/updated profiles) over the past 90 days, the regional breakdowns are as follows:
Percentage of Job Seekers using Opportunity to look for employment.
Q4 2016 | Q4 2017 | YOY Diff. | |
Northeast | 22% | 28% | +6% |
Midwest | 17% | 17% | —- |
South | 35% | 19% | -16% |
West | 26% | 36% | +10% |
Percentage of Jobs Openings posted by Hiring Managers on Opportunity
Q4 2016 | Q4 2017 | YOY Diff. | |
Northeast | 16% | 24% | +8% |
Midwest | 27% | 22% | -5% |
South | 30% | 18% | -12% |
West | 27% | 36% | +11% |
Conclusions
Employment supply and demand trends (job openings vs. people looking for jobs) across all regions appear to be running in tandem. For example, the majority of jobs being posted by hiring managers are in regions (Northeast and West) where there are also more people looking for work – suggesting a far more ‘fluid’ job environment where job seekers are being provided with perhaps more opportunities for mobility. Conversely, the Midwest and South have witnessed both a decline in job postings and a decline in the number of people looking for work suggesting that these regions have either reached something closer to ‘full employment’ or the number of formerly unemployed workers have become disenfranchised and have dropped out of the labor market altogether. Statistics from the Bureau of Labor Statistics (See Table B/C) hints that the former may be the case as unemployment has decreased in many of the states within the South and Midwest, while states in the Northeast and West have not experienced the same decline in unemployment YOY.
Datasource: Opportunity
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