Unemployed people per job opening drops
The number of unemployed people available per open job used to be seven; now it's around four.
The number of unemployed people available per open job used to be seven; now it's around four.
By Jared Bernstein, Guest blogger
Here鈥檚 a picture out today from the BLS on the number of unemployed persons per job opening.聽 Used to be seven; now it鈥檚 around four.聽 If you think of the job search as musical chairs, there are a few more chairs out on the floor for when the music stops.*聽
But still not enough鈥揳s you can see, it was one-for-one back in late 2000鈥搉ow there was a tight labor market鈥�
*It was my old friend and former EPI colleague Jeff Wenger whom I first heard make this analogy with these data鈥eff, you out there somewhere?