For Immediate Release: Tuesday, June 7, 2011
Contact: Phoebe Silag or Karen Conner, email@example.com 202-775-8810
A lack of want ads: the job market deteriorates
The ratio of unemployed workers to job openings was 4.6-to-1 in April, a deterioration from the March ratio of 4.3-to-1, concludes EPI economist Elise Gould in her analysis of today’s Job Openings and Labor Turnover Survey (JOLTS) report from the Bureau of Labor Statistics. April marks two years and four months that EPI’s job seekers ratio has been substantially above 4-to-1. A job seekers ratio of 4-to-1 means that for 3 out of 4 unemployed workers, there simply are no jobs.