Chart of the Day: Still Not Enough Jobs

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This Economic Policy Institute (EPI) chart puts a damper on all the good cheer about the economy: according to the new data from the Bureau of Labor Statistics, the number of new job openings plummeted by 63,000 last November, while some 13.3 million people remained without work. That gave us a ratio of jobless people to job openings of 4.2-to-1, a slight uptick from October’s 4.3-to-1:

Here’s EPI’s Heidi Shierholz:

While the job-seekers ratio has slowly been improving since it peaked at 6.9-to-1 in the summer of 2009, today’s data release marks two years and 11 months—152 weeks—that the ratio has been above 4-to-1. A job-seekers ratio of more than 4-to-1 means that there are no jobs for more than three out of four unemployed workers, no matter what job seekers do.

The upshot: although things are certainly getting better, the economy simply hasn’t picked up enough steam to accomodate the number of people still searching for work.

So the next time someone claims that laziness, drug abuse, or a lack of education are at the root of the economy’s ills, show them this chart!

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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