In October 2023, there were 168.3 million people in the civil labor force, a category that does not include active-duty military personnel, incarcerated individuals, farm workers, and government employees. As a proportion of the total population, this represented an employment participation rate of 62.8 percent.<\/span><\/p>"
}
}
,
{
"@type": "Question",
"name": "What Does a Tight Job Market Mean?",
"acceptedAnswer": {
"@type": "Answer",
"text": " Job markets are often referred to as being "tight." This means that there are more positions available than unemployed individuals willing to take them on. Conversely, when the unemployment rate is high but there are few job vacancies, the job market can be described as "slack" or "loose."<\/p>"
}
}
,
{
"@type": "Question",
"name": "What Is the Job Vacancy Rate in the U.S.?",
"acceptedAnswer": {
"@type": "Answer",
"text": " According to BLS, the job openings rate on the last business day of October 2023 was 5.3%, a slight decrease compared to the last month. Sectors that saw job decreases include health care and social assistance, finance and insurance, and real estate and rental and leasing.<\/span><\/p> The job openings rate is calculated by dividing the number of job openings by the sum of both filled and unfilled job, represented as a percentage.<\/span><\/p>"
}
}
]
} ] }
]