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Monday, September 28, 2009

More Unemployed Seeking Fewer Jobs

Despite claims by the main stream media and the stimulus czar himself, VP Joe Biden, that the economy is getting better, signs continue to point to a sustained downturn not at all allevaited by the stimulus package.

The New York Times reports today:
Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000. According to the Labor Department’s latest numbers, from July, only 2.4 million full-time permanent jobs were open, with 14.5 million people officially unemployed. ...

During the last recession, in 2001, the number of jobless people reached little more than double the number of full-time job openings, according to the Labor Department data. By the beginning of this year, job seekers outnumbered jobs four-to-one, with the ratio growing ever more lopsided in recent months.
As you can see from this NYT chart, the gap has only grown since early 2009 when the stimulus was enacted.

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