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Tuesday, February 09, 2010
With 14.8 million people out of work, competition for new jobs is easing ever so slightly, according to a government report released Tuesday.
There are now about 5.9 job seekers, on average, competing for each job opening, according to the latest Job Openings and Labor Turnover survey from the Bureau of Labor Statistics. That’s down from 6.4 the previous month—the greatest differential since the Labor Department began tracking job openings in December 2000.
It’s the first time the ratio of job seekers to jobs dipped below six to one since June of last year. While that’s a step in the right direction, it’s still a far cry from pre-recession levels.
posted in: News
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