Number of Unemployed for each Job Opening

[4plexowner]

[img_assist|nid=11982|title=Unemployed vs Job Openings|desc=|link=node|align=left|width=400|height=248]

Read it here 1st: Truest Picture of Excess Labor Supply

http://www.ritholtz.com/blog/2009/09/read-it-here-1st-truest-picture-of-excess-labor-supply/

“in early 2009, job seekers outnumbered jobs four-to-one.

According to a front page Sunday NYT has article, that ratio has now hit an all time record”

~

which of you Pollyannas is going to be the first to say that unemployment is a lagging indicator?

[equalizer]

“Will employers take advantage of the abundance of available labor to cut workers’ paychecks?”

Outside of sales/management jobs at auto dealers and luxury hotels, CA furloughs, where have there been cuts in pay? If the job market was so precarious why are we not hearing about salary cuts everywhere? There will likely be salary freezes, but no general wage cuts in most industries. Anyone see contrary data?

[equalizer]

“Will employers take advantage of the abundance of available labor to cut workers’ paychecks?”

Outside of sales/management jobs at auto dealers and luxury hotels, CA furloughs, where have there been cuts in pay? If the job market was so precarious why are we not hearing about salary cuts everywhere? There will likely be salary freezes, but no general wage cuts in most industries. Anyone see contrary data?

[equalizer]

“Will employers take advantage of the abundance of available labor to cut workers’ paychecks?”

Outside of sales/management jobs at auto dealers and luxury hotels, CA furloughs, where have there been cuts in pay? If the job market was so precarious why are we not hearing about salary cuts everywhere? There will likely be salary freezes, but no general wage cuts in most industries. Anyone see contrary data?

[equalizer]

“Will employers take advantage of the abundance of available labor to cut workers’ paychecks?”

Outside of sales/management jobs at auto dealers and luxury hotels, CA furloughs, where have there been cuts in pay? If the job market was so precarious why are we not hearing about salary cuts everywhere? There will likely be salary freezes, but no general wage cuts in most industries. Anyone see contrary data?

[equalizer]

“Will employers take advantage of the abundance of available labor to cut workers’ paychecks?”

Outside of sales/management jobs at auto dealers and luxury hotels, CA furloughs, where have there been cuts in pay? If the job market was so precarious why are we not hearing about salary cuts everywhere? There will likely be salary freezes, but no general wage cuts in most industries. Anyone see contrary data?

[CA renter]

We know a number of people in private and public industry who are making less this year than they were last year. Some have had absolute pay cuts, ranging from 5-15%. Some have been furloughed/had reduced hours or days. Some have lost their jobs and now have new jobs that pay much less. Some who own their own businesses have seen a dramatic decrease in business.

Of course, some have been unemployed for many months now, with no good prospects in sight.

I believe the job market is bad and getting worse. BTW, the state’s budget problems are not even close to being solved, so I expect much more pain to come there, too.

[CA renter]

We know a number of people in private and public industry who are making less this year than they were last year. Some have had absolute pay cuts, ranging from 5-15%. Some have been furloughed/had reduced hours or days. Some have lost their jobs and now have new jobs that pay much less. Some who own their own businesses have seen a dramatic decrease in business.

Of course, some have been unemployed for many months now, with no good prospects in sight.

I believe the job market is bad and getting worse. BTW, the state’s budget problems are not even close to being solved, so I expect much more pain to come there, too.

[CA renter]

We know a number of people in private and public industry who are making less this year than they were last year. Some have had absolute pay cuts, ranging from 5-15%. Some have been furloughed/had reduced hours or days. Some have lost their jobs and now have new jobs that pay much less. Some who own their own businesses have seen a dramatic decrease in business.

Of course, some have been unemployed for many months now, with no good prospects in sight.

I believe the job market is bad and getting worse. BTW, the state’s budget problems are not even close to being solved, so I expect much more pain to come there, too.

[CA renter]

We know a number of people in private and public industry who are making less this year than they were last year. Some have had absolute pay cuts, ranging from 5-15%. Some have been furloughed/had reduced hours or days. Some have lost their jobs and now have new jobs that pay much less. Some who own their own businesses have seen a dramatic decrease in business.

Of course, some have been unemployed for many months now, with no good prospects in sight.

I believe the job market is bad and getting worse. BTW, the state’s budget problems are not even close to being solved, so I expect much more pain to come there, too.

[CA renter]

We know a number of people in private and public industry who are making less this year than they were last year. Some have had absolute pay cuts, ranging from 5-15%. Some have been furloughed/had reduced hours or days. Some have lost their jobs and now have new jobs that pay much less. Some who own their own businesses have seen a dramatic decrease in business.

Of course, some have been unemployed for many months now, with no good prospects in sight.

I believe the job market is bad and getting worse. BTW, the state’s budget problems are not even close to being solved, so I expect much more pain to come there, too.

[jameswenn]

I’m employed and didn’t take a cut in pay, but they did freeze out the annual 2-3% cost of living increase and there will be no year end bonuses this year, which were usually between 4-8 percent, and they increased our healthcare liability by decreasing theirs.

There were a bunch of promotions throughout management , which did make the workers feel like crap.

[jameswenn]

I’m employed and didn’t take a cut in pay, but they did freeze out the annual 2-3% cost of living increase and there will be no year end bonuses this year, which were usually between 4-8 percent, and they increased our healthcare liability by decreasing theirs.

There were a bunch of promotions throughout management , which did make the workers feel like crap.

[jameswenn]

I’m employed and didn’t take a cut in pay, but they did freeze out the annual 2-3% cost of living increase and there will be no year end bonuses this year, which were usually between 4-8 percent, and they increased our healthcare liability by decreasing theirs.

There were a bunch of promotions throughout management , which did make the workers feel like crap.

[jameswenn]

I’m employed and didn’t take a cut in pay, but they did freeze out the annual 2-3% cost of living increase and there will be no year end bonuses this year, which were usually between 4-8 percent, and they increased our healthcare liability by decreasing theirs.

There were a bunch of promotions throughout management , which did make the workers feel like crap.

[Author]

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