Wednesday, April 13, 2011

Somebody tell Tom Corbett

The total number of job openings in February was 3.1 million, and the total number of unemployed workers was 13.7 million (unemployment is from the Current Population Survey).  The ratio of unemployed workers to job openings was 4.4-to-1 in February, a substantial improvement from the revised January ratio of 5.1-to-1.  However, February marks 26 months that the “job-seeker’s ratio” has been substantially above the 4-to-1 ratio.  A job seeker’s ratio of 4-to-1 means that for 3 out of 4 unemployed workers, there simply are no jobs.

1 comment:

namefromthepast said...

26 months corresponds to roughly the amount of time elapsed since Bush's first stimulus package went into effect. We've identified change but no hope.

Are we now ready to abandon the notion that Washington creates the jobs?