Tuesday, June 14, 2011

Job Openings for April 2011 are Down -4.8% from March

JOLTS stands for Job Openings and Labor Turnover Survey. The April report shows there were 4.6 official unemployed people hunting for a job to every position available. There were only 2,972,000 job openings for April 2011 and a -4.8% drop from the previous month. Below is the graph of job openings per the official unemployed.

 

openings per unemployed

 

If one takes the official broader definition of unemployment, or U6, currently at 15.8%, the ratio becomes even worse, 8.2 unemployed people per each job opening.

 



View the
Original article