The ratio of job openings to unemployed Americans peaked at over 2.0 in March 2022.
March 01, 2022
high
temporal
A historical peak in job openings per unemployed person that contrasts with later lower ratios.
Labor shortages in 2021 prompted many employers to retain more workers than usual (often described as 'hoarding' workers).
January 01, 2021
high
temporal
Describes employer behavior during the post‑pandemic 2021 period that influenced later labor market dynamics.