job vacancy rates

Job vacancy rates measure the percentage of available jobs that employers are actively looking to fill at a given time. A high vacancy rate indicates many companies are seeking employees, suggesting a strong labor market or skills mismatch. Conversely, a low rate suggests fewer open positions, which may reflect slower economic activity or a tight labor market. It helps economists and policymakers assess employment conditions, labor demand, and overall economic health. This rate provides insight into how easy or difficult it is for job seekers to find work and helps inform business hiring plans and economic strategies.