The number of job seekers competing for each opening has reached the highest point since the recession began. According to a Labor Department report released Friday there are about 6 unemployed workers competing for each job opening.
That's the most since the department began tracking job openings nine years ago. Employers have cut a total of 7.2 million jobs during the downturn.
Over the 12 months, ending in August, the job openings rate decreased for private and government industries in all regions.
Many economists expect the jobless recovery to be slow. While layoffs are slowing, hiring has yet to begin. Economists fear the job market will take years to recover.
The department's Job Openings and Labor Turnover survey found less than 2.4 million openings in August 2009. Down from 3.7 million all most two years at its peak in June 2007.
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