Press Releases | Jobs and Unemployment

News from EPI Job seekers still face long odds

For Immediate Release: Friday, July 10, 2012
Contact: Phoebe Silag or Karen Conner, news@epi.org 202-775-8810

Today’s Job-Seekers Ratio, the ratio of unemployed workers to job openings, fell slightly (by one-tenth) to 3.5-to-1, according to EPI economist Elise Gould. While May’s ratio shows much improvement from its peak of 6.7-to-1 in summer 2009, it also provides further evidence that the recovery continues to stagnate. In addition, Gould notes the increase in hires in May, by 148,000. Looking at the data over time, hires are on a slow upward climb, up 18.5 percent since the official start of the recovery in June 2009, but hiring is still 16.0 percent below its 2007 average.

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