Infographic 1
Year-over-year decline in job vacancy rate in February 2024 reflects a decline in vacancies combined with a gain in payroll employment

Infographic description

The title of the infographic is "Year-over-year decline in job vacancy rate in February 2024 reflects a decline in vacancies combined with a gain in payroll employment"

This is a linear and bar combination chart.

The vertical axis on the left shows the number of job vacancies and number of payroll employment in thousands by increments of 500,000. It starts at 13,500,000 and ends at 18,500,000.

The vertical axis on the right shows the job vacancy rate by percentage by increments of 1 percentage point. It starts at 0.0 and ends at 6.0.

The horizontal axis shows each month from January 2019 to February 2024.

The blue bar represents the payroll employment (in thousands) in the last 62 months, with 16,102,100 in January 2019, 16,173,600 in February 2019, 16,211,400 in March 2019, 16,202,900 in April 2019, 16,204,900 in May 2019, 16,268,700 in June 2019, 16,251,800 in July 2019, 16,304,700 in August 2019, 16,336,500 in September 2019, 16,339,200 in October 2019, 16,351,500 in November 2019, 16,370,100 in December 2019, 16,370,100 in January 2020, 16,419,500 in February 2020, 16,386,500 in March 2020, 15,099,800 in October 2020, 15,276,800 in November 2020, 15,248,100 in December 2020, 15,294,400 in January 2021, 15,167,500 in February 2021, 15,233,100 in March 2021, 15,432,000 in April 2021, 15,556,600 in May 2021, 15,334,500 in June 2021, 15,505,900 in July 2021, 15,826,900 in August 2021, 15,940,400 in September 2021, 16,025,900 in October 2021, 16,130,700 in November 2021, 16,204,200 in December 2021, 16,323,300 in January 2022, 16,300,700 in February 2022, 16,420,000 in March 2022, 16,512,100 in April 2022, 16,622,400 in May 2022, 16,625,200 in June 2022, 16,701,800 in July 2022, 16,737,000 in August 2022, 16,756,700 in September 2022, 16,850,600 in October 2022, 16,853,400 in November 2022, 16,931,900 in December 2022, 16,995,400 in January 2023, 17,038,900 in February 2023, 17,094,000 in March 2023, 17,075,100 in April 2023, 17,077,500 in May 2023, 17,142,800 in June 2023, 17,164,200 in July 2023, 17,131,300 in August 2023, 17,154,800 in September 2023, 17,203,900 in October 2023, 17,186,000 in November 2023, 17,134,600 in December 2023, 17,169,000 in January 2024 and 17,235,500 in February 2024.

The dark red bar represents the number of job vacancies (in thousands) in the last 62 months, with 547,800 in January 2019, 543,300 in February 2019, 549,000 in March 2019, 554,800 in April 2019, 556,100 in May 2019, 541,100 in June 2019, 533,900 in July 2019, 533,900 in August 2019, 523,700 in September 2019, 530,400 in October 2019, 519,500 in November 2019, 519,800 in December 2019, 582,500 in January 2020, 578,100 in February 2020, 531,500 in March 2020, 576,300 in October 2020, 569,500 in November 2020, 572,400 in December 2020, 561,300 in January 2021, 616,600 in February 2021, 643,700 in March 2021, 651,900 in April 2021, 673,600 in May 2021, 770,300 in June 2021, 812,800 in July 2021, 876,300 in August 2021, 928,200 in September 2021, 919,300 in October 2021, 908,400 in November 2021, 976,500 in December 2021, 922,000 in January 2022, 917,300 in February 2022, 990,200 in March 2022, 992,900 in April 2022, 1,003,400 in May 2022, 989,100 in June 2022, 978,500 in July 2022, 924,300 in August 2022, 932,300 in September 2022, 888,300 in October 2022, 866,700 in November 2022, 854,300 in December 2022, 858,800 in January 2023, 835,100 in February 2023, 803,500 in March 2023, 798,800 in April 2023, 776,800 in May 2023, 744,500 in June 2023, 717,900 in July 2023, 694,600 in August 2023, 643,500 in September 2023, 669,400 in October 2023, 671,300 in November 2023, 639,200 in December 2023, 634,900 in January 2024 and 656,700 in February 2024.

The black line represents the job vacancy rate (in percentage) in the last 62 months, with 3.3% in January 2019, 3.3% in February 2019, 3.3% in March 2019, 3.3% in April 2019, 3.3% in May 2019, 3.2% in June 2019, 3.2% in July 2019, 3.2% in August 2019, 3.1% in September 2019, 3.1% in October 2019, 3.1% in November 2019, 3.1% in December 2019, 3.4% in January 2020, 3.4% in February 2020, 3.1% in March 2020, 3.7% in October 2020, 3.6% in November 2020, 3.6% in December 2020, 3.5% in January 2021, 3.9% in February 2021, 4.1% in March 2021, 4.1% in April 2021, 4.2% in May 2021, 4.8% in June 2021, 5.0% in July 2021, 5.2% in August 2021, 5.5% in September 2021, 5.4% in October 2021, 5.3% in November 2021, 5.7% in December 2021, 5.3% in January 2022, 5.3% in February 2022, 5.7% in March 2022, 5.7% in April 2022, 5.7% in May 2022, 5.6% in June 2022, 5.5% in July 2022, 5.2% in August 2022, 5.3% in September 2022, 5.0% in October 2022, 4.9% in November 2022, 4.8% in December 2022, 4.8% in January 2023, 4.7% in February 2023, 4.5% in March 2023, 4.5% in April 2023, 4.4% in May 2023, 4.2% in June 2023, 4.0% in July 2023, 3.9% in August 2023, 3.6% in September 2023, 3.7% in October 2023, 3.8% in November 2023, 3.6% in December 2023, 3.6% in January 2024 and 3.7% in February 2024.

Note(s): Job Vacancy and Wage Survey data collection was suspended from April 2020 to September 2020. Therefore, data for these reference periods are not available. Data are seasonally adjusted.

Source(s): Job Vacancy and Wage Survey (5217), table 14-10-0406-01.