This is from a discussion of the Job Openings and Labor Turnover Survey (JOLTS) from the Atlanta Fed (much of the discussion is about the southern region; also, the unemployment rate is on the left-hand side, not the right-hand side as indicated in the graph).
Notice the crash in the hiring rate coinciding with changes in unemployment. The policies that were used to battle the recession didn't put enough emphasis on turning this around.
“Passion and prejudice govern the world; only under the name of reason” --John Wesley
Thursday, April 8, 2010
Layoff, Hiring, and Unemployment Rates
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