Jobs: Glass More Than Half Empty

November 10, 2011 Michael Mandel

From the BLS, a chart showing the number of unemployed workers per job opening.

Unemployed workers per job openings is clearly trending downward, which is good news. But at about 4 unemployed workers per opening, the labor market is still far more difficult than it was at the end of 2007, when the recession started. That’s bad news. The glass is more than half empty.

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About Michael Mandel 126 Articles

Michael Mandel was BusinessWeek's chief economist from 1989-2009, where he helped direct the magazine's coverage of the domestic and global economies.

Since joining BusinessWeek in 1989, he has received multiple awards for his work, including being honored as one of the 100 top U.S. business journalists of the 20th century for his coverage of the New Economy. In 2006 Mandel was named "Best Economic Journalist" by the World Leadership Forum.

Mandel is the author of several books, including Rational Exuberance, The Coming Internet Depression, and The High Risk Society.

Mandel holds a Ph.D. in economics from Harvard University.

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