Misleading Job Opening Numbers
- 📊 The number of job openings is calculated using a survey of 20,000 business establishments, which may not accurately reflect the actual number of available jobs.
- 📰 Companies often leave job listings up even after a position has been filled, contributing to inflated job opening numbers.
- 📈 Amazon, for example, had a staff turnover rate of 150% last year, resulting in 2.4 million new hires, but only one-third of new hires stayed with the company for more than 90 days.
- 📊 The company's web services utility computing team posted 25,000 job openings in 2022, but only 7,800 were actually approved to be filled.