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Less Jobs In August - 4.6 jobs per Unemployed

Wednesday, 12 October 2011 09:27 Last Updated on Wednesday, 12 October 2011 09:58
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There were 3.1 million job openings on the last business day of August, the U.S. Bureau of Labor Statistics reported today.  There were 14.0 million unemployed in the same month by the U3 Measure i.e. 4.6 unemployed people for every available job.


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Minimum Wage

Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.

And why does Germany's Manufacturers do so well?

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BLS Jobless Numbers

  • 12.5 million - unemployed,
  • 14.5%(U6) - out of work,
  • 5.1 million (41%) 6 months or longer,
  • 7.9 million "involuntary" partime workers,
  • Over 4 million for a year, (WSJ)
  • 2.0  million over 99 weeks, the 99ers!
  • 4.7 jobless for every job. EPI
  • 91,000 unemployed become 99ers every week.
~ U.S. April 2012 -Bureau Labor Statistics
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