News & Report
As the job-opening-to-application ratio hits a low in February, the demand/supply balance between job applicants and job openings is reversed. A rising trend is forecasted from March.
The February 2017 global job-opening-to-application ratio is 0.95
Daijob Global Recruiting Co., Ltd., a subsidiary of Human Holdings Co., Ltd. headed by Mr. Yuji Shinohara, has summarized the Job Openings to Job-Seekers Ratio of February 2017.
※The Global Job Openings to Job-Seekers Ratio is a calculation of the supply-demand balance between job openings which require business conversation level in at least 2 languages and the number of job-seekers who are equipped with that ability (No. of Job Openings / No. of Job Seekers). A high ratio indicates that there is a high number of jobs available for a low number of job-seekers.
◆Global Job Openings to Job-Seekers Ratio by Occupation
Looking at the February global job-opening-to-application ratios by job category, Medical/Pharmaceutical/Biotechnology/Materials/Food Technology had the highest ratio at 6.13, a 3.27 point rise from the previous month. This high increase is considered to be a result of job openings having increased 1.22 times while the number of job applicants decreased 57% from the previous month. General Affairs/HR/Legal had the second highest rate, though it had a 1.30 point drop from the previous month to 2.54. Since the number of job openings decreased to 90% in comparison with the previous month, it is believed that job applicants increasing 1.33 times caused the 1.30 point drop; for the 2016 fiscal year, this ratio is expected to remain above 2.0. The ratio for Mechanical (Automobile, Plant, Precision Equipment) Technology saw a 0.54 point rise from the previous month, to 2.46, and the number of job openings increased 1.18 times from the previous month.
◆Global Job Openings to Job-Seekers Ratio by Industry
Looking at the global job-opening-to-application ratios by industry, Electricity, Gas, Heat, and Water Supply continues to have the highest ratio, with a 5.0 point rise from the previous month to a high 10.0. The second highest industry ratio is Agriculture, Forestry, and Fisheries at 3.58, a 2.04 point rise from the previous month, while Manufacturing also remains as one of the top-three industries for six consecutive months, with a .03 point rise from the previous month to 2.06.
The global job-opening-to-application ratio hits a low in February each fiscal year. As the number of job seekers increases, the demand/supply balance between the number of job applicants and the number of job openings is reversed, resulting in a ratio below 0.95 and 1.0. For job categories, in 6 out of 10 industry-classified categories, the ratio was below 1.0.
This is predicted to shift to a rising trend in March.