Six unemployed people compete for every available position – we need to legalize more workers!
Wall Street Journal
Sep 9, 2009
Job openings down 50% from the peak in 2007
Six unemployed people compete for every available position
Rex Nutting, MarketWatch
WASHINGTON (MarketWatch) — The number of open U.S. jobs fell 50% over the past two years to a seasonally adjusted 2.4 million in July, the lowest in the brief history of the data, the Labor Department reported Wednesday.
The job-opening rate fell to a record-low 1.8% in July.
Job openings track the demand for labor, the flipside of the unemployment rate, which measures the supply of labor. Read the full government report.
In July, there were 6.05 unemployed people for every job opening, according to the most recent data on labor turnover. In December 2007, when the recession began, there were 1.72 unemployed people for every job opening…