Most Dismal Unemployment Numbers Ever

While the consensus among experts is that the recession is coming to an end, the job market is still historically bad with little hope for a quick turnaround. The ratio of those seeking a job versus the number of job openings available is now six to one, the worst since the government began keeping track of the statistic in 2000. Some 14.5 million people are officially unemployed and it may be some time before the employment picture improves. “There’s too much uncertainty out there,” a labor economist at MIT’s Sloan School of Management, told The New York Times. “There’s not going to be an upsurge in job openings for quite a while, not until employers feel confident the economy is really growing.”