A Twin Cities Job Vacancy Rate
Job Vacancy for a fourth quarter generally refers to the quantity of vacant posts at the close of the fourth quarter for which an organization is actively recruiting workers from within the organization. They include: Job Vacancy Rate in fourth quarter generally refers to the number of job openings divided by the actual demand for labor at that time. The actual demand may be affected by: an increase in the population of population over a given period, a drop in the unemployment rate of a given period, or a change in the economy of a country. Job Vacancy Rates at fourth quarter may also be affected by:
These factors affect the demand for various types of labor. Therefore, they indirectly affect the percentage of job vacancies. While a proportional increase in the labor market for certain occupations can mean an increase in the supply of those occupations, it can also mean an increase in the demand for them. Hence, sometimes the job vacancy rate can go up while the supply of those occupations may also go down.
On the other hand, job vacancies that increase in absolute numbers but do not affect the employment are called trend increases. Such increases may occur despite an overall decrease in the level of employment. In this case, the unemployed persons may be entering the labor market in large numbers. The trend increases may occur across all industries or occupations. In such cases, the unemployed persons may have increased their share of the overall population but their shares of job vacancies remain constant or drop.
The number and variety of available jobs in relation to the level of employment can help one determine the state of the labor market. The job vacancy survey can be conducted both on a nationwide and regional scale. A national job vacancy survey can identify more specialized job vacancies than regional ones. A regional survey can be more detailed than a national one as it deals with smaller regions. It is also quite easy to conduct a regional survey as one does not require much information collection.
It is important to keep in mind that job vacancy announcements are not always accurate. Often, an announcement of a job vacancy may turn up to be a ploy by an employer to lure a worker to leave his work and look for better prospects elsewhere. Hence, it is important to verify the source from where a job vacancy announcement is made and check if there have been any recent complaints against the employee making him unsuitable for the job.
A twin cities job vacancy rate is the unemployment rate of a city compared to the unemployment rate of the surrounding areas. An urban area has more people than the suburbs, exurbs and rural areas put together. The two cities have high unemployment rates and hence most of those who want to join employment are unable to find suitable jobs. The availability of social assistance is a contributing factor in this problem.