Friday, October 10, 2008

Unemployment Picture Worsening

New from the Economic Policy Institute:

Number of job openings down again

Today the Bureau of Labor Statistics released data showing there were 3.3 million job openings in August, down 24% from the high in January of 2007. The number of job openings was well below the number of unemployed workers, which stood at 9.4 million. There are now over six million more job seekers than job openings -- an average of 2.9 unemployed workers per available job.