Brad Williams explains, for the first time ever, there’s a job opening for every unemployed worker
The big pickup in job openings has done what’s not ever been accomplished in the nearly two-decade history of this economic series — there’s now a job opening for every unemployed worker.
According to the latest data from the Job Openings and Labor Turnover Survey, there were 6.55 job openings in March. In March, there were 6.59 million unemployed, meaning there are 1.01 unemployed workers for every job.
In July 2009, just as the U.S. exited the Great Recession, there were 6.65 unemployed people for every available job.
The question now of course is how to get those unemployed workers into those jobs. It won’t be easy.
The fact that job openings have climbed so steadily — at a time when jobs growth is slowing — suggests that companies are now having a hard time finding the right workers.
Brad Williams explains, for the first time ever, there’s a job opening for every unemployed worker
The big pickup in job openings has done what’s not ever been accomplished in the nearly two-decade history of this economic series — there’s now a job opening for every unemployed worker.
According to the latest data from the Job Openings and Labor Turnover Survey, there were 6.55 job openings in March. In March, there were 6.59 million unemployed, meaning there are 1.01 unemployed workers for every job.
In July 2009, just as the U.S. exited the Great Recession, there were 6.65 unemployed people for every available job.
The question now of course is how to get those unemployed workers into those jobs. It won’t be easy.
The fact that job openings have climbed so steadily — at a time when jobs growth is slowing — suggests that companies are now having a hard time finding the right workers.
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