Taking a Quick look at the unemployment situation in the U.S. we can quickly see that its far worse for those unemployed now than back in the 02'- 03' recession, looking at over 6 unemployed per job opening! That makes for some tough competition
*charts from Rosenberg
naturally looking at the job opening's we can see that it shows an inverse correlation to the chart above
this chart goes back a bit further than just the recent decade giving a much longer term perspective on hiring intentions by firms, drastically worse than the 02' recession and now passing right through the low of 91'.....