The job shortage | State of Working America:
"The job shortage
Job seekers outnumber job openings by a significant margin—in September 2010, the ratio was 5 to 1. Importantly, this isn’t the number of applicants per job opening—that number is much higher, as one unemployed worker applies for many jobs. The 5-to-1 ratio means that for four out of every five unemployed workers, there literally are no jobs. That is actually a substantial improvement over late 2009, but it is still far higher than the worst month of the previous recession and over three times as high as in 2007, before the Great Recession started...."
"The job shortage
Job seekers outnumber job openings by a significant margin—in September 2010, the ratio was 5 to 1. Importantly, this isn’t the number of applicants per job opening—that number is much higher, as one unemployed worker applies for many jobs. The 5-to-1 ratio means that for four out of every five unemployed workers, there literally are no jobs. That is actually a substantial improvement over late 2009, but it is still far higher than the worst month of the previous recession and over three times as high as in 2007, before the Great Recession started...."
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