Quote:
Originally Posted by Danzig
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The survey showed that there were 3.8 million job openings in the U.S. in May. That's up from about 2.3 million at the worst of the recession, but still well below the peak of 4.7 million openings before the slowdown. In the jobs report on Friday, the BLS said there were 11.8 million people still looking for work.
When both reports are considered together, that means there are 3.1 unemployed people competing for every one job.
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FYI According to the latest Bureau of Labor Statistics report, (Released this past Friday, not some Friday six months ago) the number of unemployed is at 10.9 million.
The bad news is a good deal of those new 900,000 jobs are government jobs that requires yet more tax money (actually borrowing) and while making the number look better it makes the overall situation worse.
Lipstick on a pig comes to mind.
http://www.bls.gov/news.release/empsit.nr0.htm