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View Diary: Purple Squirrels and Unemployment (39 comments)

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  •  Excellent companion piece to this post, just... (4+ / 0-)

    ...published over at the Economic Populist blog, earlier this evening...

    The Deflated Balloon JOLTS Jobs Report Shows 3.1 Unemployed Per Opening for March 2013
    Robert Oak
    Economic Populist Blog
    May 7, 2013 - 7:41pm

    The BLS March JOLTS report, or Job Openings and Labor Turnover Survey shows there are 3.1 official unemployed per job opening, the same as last month.  Job openings declined -1.4% from last month to a total of 3,844,000.  People hired in March declined by -4.3% to 4.259 million.  Real hiring has only increased 18% from June 2009.  Job openings are still below pre-recession levels of 4.7 million.  Job openings have increased 81% from July 2009.  The story for jobs is the same flat line drum beat for March.  There is never enough actual hiring in addition to not enough openings.

    There were 1.8 official unemployed persons per job opening at the start of the recession, December 2007.  Below is the graph of the official unemployed per job opening.  The official unemployed ranked 11,742 million in March 2013…

    "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

    by bobswern on Tue May 07, 2013 at 09:31:38 PM PDT

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