Six unemployed people compete for every available position...

[rfranklin]

Job openings down 50% from the peak in 2007
Six unemployed people compete for every available position
by 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.

The number of workers hired in July was little changed at 4.06 million, while the number of workers separated from their jobs was little changed at 4.29 million. The hires rate rose to 3.1%, while the separations rate remained at a series-low 3.3%.

In the past 12 months, hires have fallen 13.9%, while separations are down 12.8%

-more-

http://www.marketwatch.com/story/job-openings-down-50-from-the-peak-in-2007-2009-09-09

[BrklynLiberal]

1. No wonder I am having such a hard time finding a job....

[Sen. Walter Sobchak]

2. We had 600 applications for a single legal assistant position,

350 applications for two database related positions and I wouldn't even venture a guess at how many inquiries we get from young lawyers who are collectively shitting themselves as firms across the country fire junior lawyers.

We continue to hire and expand full steam ahead,

We still however have trouble finding people to support CT Summation and recruiting for various international positions. We get thousands of applications for positions in Europe and Asia. Not so many for positions in South Africa and various points in the developing world.