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JUST HOW BAD IS THE JOBS MARKET?

19 October 2009 by Cullen Roche 1 Comment

As of the beginning of September there were just 2.3MM job openings.  This is equal to 2% of the total filled and unfilled positions – a record low.  The ratio of unemployed to the number of job openings is now over 6.  To give you some perspective on just how bad this is – the ratio was 1.5 in 2007 and peaked at 2.8 (less than HALF the current ratio) in 2003 when the jobs market was at its absolute worst.

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Source: Atlanta Fed

Cullen Roche

Cullen Roche

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Comments
  • billw

    Yes and the power hungry socialists running the country now do not care. They just want power, even if that means that it turns the majority of working people into nothing more than poor peasants. Remember, Soylent Green is people. This is going to continue to get worse, and unfortunately that is their plan. No one could do to this country what they are doing by accident.

    10/20/2009 at 11:25 AM