The Truest Picture of Excess Labor Supply

Have a look at this single chart, Number of Unemployed per Number of Job Opening below. It is from David Rosenberg, and is pulled from a longer piece David published today in the Think Tank.

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THE TRUEST PICTURE OF EXCESS LABOUR SUPPLY

ue-per-job-opening3

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As titled above, Rosie describes this as “THE TRUEST PICTURE OF EXCESS LABOUR SUPPLY” in the United States today. Its hard to argue with that contention . . .

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See this EPI chart also

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