Friday, December 16, 2011

For 34 Straight Months, There Have Been More Than Four Unemployed Job Seekers For Every Job Opening

As some commenters pointed out, this is probably an understatement, because many supposed job openings really aren't, and many are for the same job.

According to the Bureau of Labor Statistics, the month of October saw 4.1 unemployed job seekers for every one available job, as the number of job openings decreased by 110,000 to 3.3 million. That month, the total of unemployed workers reached 13.9 million. As the Economic Policy Institute noted, “the fact that we have had a job-seekers ratio above 4-to-1 for 147 weeks underscores the crucial need for extended unemployment insurance benefits.”



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