Tuesday, December 13, 2011

Four job-seekers for every opening

Today’s Job Openings and Labor Turnover Survey (JOLTS) release from the Bureau of Labor Statistics shows that the number of job openings decreased by 110,000 in October to 3.3 million. The total number of unemployed workers in October was 13.9 million (unemployment is from the Current Population Survey). Therefore the ratio of unemployed workers to job openings was 4.3-to-1 in October, a deterioration from the revised September ratio of 4.1-to-1.

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