The national time-to-fill average rose in February to the highest level in 15 years.
Sponsored by the career sites publisher Dice Holdings, the Dice-DFH Vacancy Duration Measure says it took an average of 26.8 working days to fill jobs in February. In January, according to the report, the average (as revised) was 25.7 working days.
“We are continuing to see signs of a tightening labor market,” said Michael Durney, president and CEO of Dice Holdings. “
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He added: “Unemployment rates are declining across several core industries, such as tech and health care, and the time-to-fill-open positions has hit an all-time high in the 15 years the data has been tracked.”
Jobs in the financial services sector took the longest to fill, averaging 43.1 days. Health care jobs averaged 42.6 days to fill. Both are historic highs for their respective industry sectors.