The Economic Policy Institute analyzes some employment statistics released yesterday by the Bureau of Labor Statistics, showing that job openings were up by 352,000 in February. That may sound like a strong improvement, and it was indeed the biggest monthly increase in more than six years, writes Heidi Shierholz. But job openings are still a full 32 percent below their 2007 mark.
Shierholz also notes that February was the 26th month in which the “job-seekers ratio”—the ratio of unemployed workers to job openings—was more than 4-to-1. February’s 4.4-to-1 ratio was an improvement over January, when the ratio was 5.1-to-1. But with those kinds of odds, it’s no wonder that sidelined workers are taking their time re-entering the job market.