U.S. employers posted fewer jobs in July than in June, more evidence of a weak recovery.
U.S. employers posted fewer jobs in July than in June, more evidence of a weak recovery.
The drop in available positions has made job hunting more competitive. Nearly 12.8 million people were unemployed in July, meaning 3.5 people were competing for each open position. While that’s down from a peak of nearly 7 to 1 just after the recession ended in July 2009, in a healthy economy the ratio is usually 2 to 1.
There are several reasons companies aren’t hiring faster, economists say. Companies may not be offering sufficient pay to entice workers to take the jobs. Some employers say they can’t find enough skilled workers in certain industries, such as information technology.
Read more at OregonLive.com.
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