The Truest Picture of Excess Labor Supply

July 1, 2009 12:09pm by Barry Ritholtz

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.

THE TRUEST PICTURE OF EXCESS LABOUR SUPPLY

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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