The competition for jobs is becoming continually more steep as companies continue to resist hiring new employees until greater stability returns. The result is millions of American’s fighting for a limited number of positions.
New figures released by the Labor Department using data from November 2009 calculate that there are roughly 6.4 unemployed worked for every open position. The new statistics are up from 6.1 in October and 1.7 jobless people for each opening in December 2007 at the start of the recession.
November’s dire job market and a surprising number of layoffs for the month had many people claiming the recovery was anemic. Job openings for that month declined considerably from 2.57 in October to 2.42 million in November.
Only July 2009 indicated a more competitive job market.
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