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Competition for jobs peaks as openings shrink nationwide
Washington reports 6.3 job seekers per opening, the highest since the recession began. Labor Department data show fewer than 2.4 million openings in August, down from 3.7 million a year ago, with 14.9 million unemployed. Economists warn of a prolonged recovery and a potential 10 percent unemployment peak.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Congressional Democrats
Labor Department
Department
Reces
Sion
Heidi Schierholz
Economic Policy Institute
Schierholz
Cynthia Rosso
Potomac Falls