hires

Job JOLTS - There 3.5 People Looking for a Job for each Position Available in August 2012

The BLS JOLTS report, or Job Openings and Labor Turnover Survey describes the pathetic job market. Once again, little has changed, the never ending drum beat and mantra of our dead in the water labor market never ceases. The August 2012 statistics show there were 3.52 official unemployed persons for every position available*.

There were 3.5 Unemployed People per Job Opening in July 2012

The BLS JOLTS report, or Job Openings and Labor Turnover Survey describes the pathetic job market. Once again, little has changed and the July 2012 statistics show there were 3.49 official unemployed persons for every position available*. There were 3.664 million job openings for July 2012, a 1.56% decrease from the previous month of 3,722,000. Openings are still way below pre-recession levels of 4.7 million. Job openings have increased 68% from their July 2009 Mariana Trench trough, yet real hiring is a distant memory. There were 1.8 persons per job opening at the start of the recession, December 2007. The job market is horrific and worse than last month. Below is the graph of July official unemployed, 12.794 million, per job opening.

 

job openings per official unemployed july 2012

 

Job JOLTS - There were 3.4 Unemployed People per Job Opening for June 2012

The BLS JOLTS, or Job Openings and Labor Turnover Survey reports the never ceasing abysmal jobs market. The June 2012 statistics show there were 3.39 official unemployed persons for every position available*. There were 3,762,000 job openings for June 2012, a 2.87% increase from the previous month of 3,657,000. Openings are still way below pre-recession levels of 4.7 million. Job openings have increased 72% from their July 2009 trough, yet opportunities are miles away from the 1.8 persons per job opening ratio at the start of the recession, December 2007. There are some in the press who focus on levels, to make the job market seem better than it is. Not so, it's still horrific. Below is the graph of June official unemployed, 12.749 million, per job opening.

 

job openings per official unemployed

 

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