auditor0007
Gold Member
The total number of job openings in August was 3.2 million. From the August Current Population Survey, we know that the total number of unemployed workers was 14.9 million. This means that the ratio of unemployed workers to job openings was 4.6-to-1 in August, unchanged from the revised July ratio. It is important to note that this ratio does not measure the number of applicants for each job. There may be throngs of applicants for every job posting, since job seekers apply for multiple jobs. The 4.6-to-1 ratio means that for every 46 unemployed workers, there are only 10 available job openings.
Far more unemployed workers than job openings | Economic Policy Institute
It does appear that the data suggests otherwise, however I suppose there is always exceptions to the rule. The general consensus is though that there are many many more applicants.
The amount of time the unemployed spent hunting for jobs rose sharply last year. Those out of work tended to search for about 20 weeks before quitting in 2010, compared to 8.5 weeks in 2007, according to a recent Labor Department report. The report studied how long unemployed workers took to either find a new job or quit looking.
Average Job Seeker Gives Up After 5 Months - Real Time Economics - WSJ
Many jobs available are part-time, no benefits, minimum wage. While it is a start, taking a job like that does not make a person fully employed. In many cases, it just costs them any benefits they might be receiving while limiting their time to find full-time employment.