“American jobs take ever longer to fill, more evidence of tight labor market conditions” said Dr. Steven Davis, Chicago Booth professor and Senior Fellow at the Hoover Institution. “The lengthening of vacancy durations also reflects more stringent screening of job applicants and greater selectivity in the hiring process.” Davis is a co-developer of the DHI Database and the DHI labor market indicators.
“The demand of for tech talent, particularly software engineers who code and create the underlying technology that powers products, continues to grow in the U.S.,” said Art Zeile, President and CEO of DHI Group, Inc. “As more companies build out their technology stacks, employers will have to compete to hire the best of the best. In many cases, this will mean offering attractive compensation packages and alluring projects, giving skilled software engineers the upper hand in career negotiation conversations.”
The duration measure reflects the vacancy concept in the Job Openings and Labor Turnover Survey (JOLTS). Specifically, a job opening gets “filled” according to JOLTS when a job offer for the open position is accepted. So the DHI-DFH vacancy duration statistics refer to the average length of time required to fill open positions.Typically, there is also a lag between the fill date and the new hire's start date on the new job.