JUST HOW BAD IS THE JOBS MARKET?

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

About Post Author

Cullen Roche

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.

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