U.S. blue collar army chases few vacancies
Few statistics illustrate the gravity of the U.S. recession as clearly as the yawning gap between job seekers and vacancies, highlighting the struggle President Barack Obama has had to contain job losses since he took over in January.
Research by Andrew Sum, a labor economist at Boston's Northeastern University, shows that the ratio of unemployed persons to job openings has widened in America to 5.7 to 1 in August of this year from 1.2 to 1 in December of 2000.http://www.reuters.com/article/gc04/idUSTRE59M3CT20091023