10% unemployment is here to stay

[First]

Click me...

Very nice, thanks for the link.

According to the BLS it's an experimental series, and it's tough to see if this is historically significant without data going further back than December 2000. I'd love to see more analysis of the data, specifically how BLS calculates job openings since it would seem that there must be a substantial additional girth of data available for job openings due to improved access to those jobs (via the Internet), meaning there simply is no way to know with the same accuracy that there were, say, 1M job openings in 2000 but 3M today (random #'s) without finding a way to control for the explosion of job opening communication protocols since then. I wonder how do they control for it, or perhaps they are confident in their sample size explaining away that error. Not that I doubt this data, but it's really only interesting and not much more, without historical data. Did we have 7:1 or 8:1 ratios in the early 80's?

Also, according to that series of data we have had about the same amount of job openings the last several months that we had almost all of 2002 and 2003. Now, granted there are more unemployed now then there were then, but all that means is that it'll take longer to get back to full employment. Which isn't terrible if we're around 7% by 2012/2013, which would happen if we doubled the private sector growth from last year for another 2 years.

 

[First]

It's not that big a cost to keep an ad out there.

Sadly most dice jobs and the like around here have crazy job requirements with low salaries.

Unfortunately the ones they do fill are usually by some kid still living at home that doesn't need much. We filled such a position at our company once.

However; it became clear when one doesn't have to worry about their job so much what kind of attendance and work ethic you get.

I wouldn't say the cost is "low", nor is it worth a businesses' time to waste money for no good reason. I grant you that it must happen, though, just not enough to be significant if I had to guess. Also, 2-4 years or 3-5 years of job experience isn't a very steep job requirement unless you're just coming out of college. I feel bad for people coming out of college with no job experience during the last 2 years, certainly.

 

[RbSX]

Last I checked, each ad a company put up on Monster.com was $500. That isn't all that cheap.

I'm sorry, I don't know any companies that advertise on monster.