As of the beginning of September there were just 2.3MM job openings. This is equal to 2% of the total filled and unfilled positions – a record low. The ratio of unemployed to the number of job openings is now over 6. To give you some perspective on just how bad this is – the ratio was 1.5 in 2007 and peaked at 2.8 (less than HALF the current ratio) in 2003 when the jobs market was at its absolute worst.
Source: Atlanta Fed
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.