Thursday, January 14, 2010

2.4 Million Job Openings for 15.3 Million Unemployed


For the most recent job opening data, according to the JOLT survey by the BLS, there were 2.4 million job openings in November of 2009. Now this might seem like a large number but it is not. Consider the fact that we have 15.3 million Americans that are still officially labeled as unemployed. And this is probably one of the main issues in this recession now. Even though massive layoffs have seemed to stop, it would appear that even less people are hiring today than back in March when the economy was falling into the economic abyss. What we can garner right now is the banking sector with record profits is now able to milk American workers even more since one of the biggest line items is labor and many companies are chopping this high cost item down.

This is rather obvious when we look at the actual job opening rate from the start of the recession: (more)

No comments:

Post a Comment