what is the job vacancy rate in the u s 
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 5the 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 6the bottom linethe job market is a concept for understanding how employers seek employees and vice versa it considers at the availability of jobs and workers as well as other factors that can shape employment such as competition for skilled workers or training requirements for employees it s directly related to the unemployment rate a metric that measures the number of people who aren t employed but are seeking to do so businesses policymakers and workers may all choose to follow news related to the job market as it can be seen an important component of overall economic health 