South By North Strategies, Ltd.

From the Economic Policy Institute’s analysis of the June version of the Job Openings and Labor Turnover Survey (JOLTS) …

The June Job Openings and Labor Turnover Survey (JOLTS), released today by the Bureau of Labor Statistics, provides evidence that the recovery continues to edge in the right direction. While job openings in June increased by 105,000, unemployment that month increased by 29,000 …. This means that the “job-seekers ratio”—the ratio of unemployed workers to job openings—fell slightly (by one-tenth), to 3.4-to-1.
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The ratio has been slowly but steadily improving since reaching its peak of 6.7-to-1 in summer 2009. However, the odds are still stacked strongly against job seekers; a job-seekers ratio above 3-to-1 means that for more than two out of three unemployed workers, there simply are no jobs. In fact, the job-seekers ratio is still above the high point in the last business cycle of 2.9-to-1 in September 2003.