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U.S. Job Seekers Exceed Openings by Record Ratio

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COMPETITION FOR THE J-O-B
Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000."For years, the economy has been powered by consumers, who borrowed exuberantly against real estate and tapped burgeoning stock portfolios to spend in excess of their incomes," the Times reports. "Those sources of easy money have mostly dried up. Consumption is now tempered by saving; optimism has been eclipsed by worry."
SOURCE:   New York Times

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