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Source: Heidi Shierholz, Economic Policy Institute, Economic Snapshot, September 17, 2008

Since December 2006, the number of job seekers per job opening available has skyrocketed more than 60%. The number of job seekers per job opening is now firmly in recessionary territory–at a higher level than during any month of the official 2001 recession–and it shows no signs of leveling off. This week’s Economic Snapshot and a companion Issue Brief look at current job openings trends, an important counterpart to the more commonly cited measures of unemployment.

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