10.10.2009

Alas, there is no Nobel Labor Prize

WASHINGTON – The number of job seekers competing for each opening has reached the highest point since the recession began, according to government data released Friday.

The employment crisis is expected to worsen as companies stay reluctant to hire. Many economists expect a jobless recovery, putting pressure on President Barack Obama and congressional Democrats to stimulate job creation.

link: Job competition toughest since recession began - Yahoo! News

Factoid: Stats show 6.3 unemployed workers for every available job. The .3 is the guy who will get hired.

As I am about to become a .3 myself, things here are clearly looking up.


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