NC Today and What It Means: Job Openings

Tuesday, July 5, 2022
Chi Wong

Source: LEAD analysis of data from the Conference Board and U.S. Bureau of Labor Statistics, seasonally adjusted and smoothed  

Job openings reflect businesses’ need for workers. Generally, growth job openings leads to growth in employment and also indicates businesses’ optimism about economic conditions and future demand for goods and services. A decline in job openings can signal greater pessimism about the economy, and a reduction in hiring. The latest job openings – 397,311 in April 2022 -- are at an all-time high, projecting economic optimism at least in the short-term.