Monday, June 17, 2013

Construction and Manufacturing Ratio of Unemployed to Open Positions

In the previous post we looked at just construction unemployment to job openings.  Now we are going to add a series for manufacturing.  The ratio of manufacturing industry unemployment to job openings topped out at around 20 to 1.  That's 20 unemployed manufacturing worker for every one open position.

The analysis come from Hiedi Sheirholz at the Economic Policy Insititute here. The article called, "Unemployed workers still far outnumber the job openings in every major sector," discusses the limited number of job openings in many fields.

The chart below compares the ratio of unemployed workers to the number of open jobs in two industries: Construction and Manufacturing.

Manufacturing's ratio peak was in May 2009.

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