South By North Strategies, Ltd.

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

The total number of job openings in February was 3.1 million, and the total number of unemployed workers was 13.7 million (unemployment is from the Current Population Survey).  The ratio of unemployed workers to job openings was 4.4-to-1 in February, a substantial improvement from the revised January ratio of 5.1-to-1.  However, February marks 26 months that the “job-seeker’s ratio” has been substantially above the 4-to-1 ratio. A job seeker’s ratio of 4-to-1 means that for 3 out of 4 unemployed workers, there simply are no jobs.