The Nessie Chart for September

The Bureau of Labor Statistics has just published the Employment Situation Report for September. Coupled with the JOLTS report for August, we see little change in the job market:

  • The job seekers to job openings ("Nessie") ratio has improved fractionally, moving down to 4.6423 from 4.6479 - the ideal number would be 1.0
  • The civilian employment to population ratio (EMRATIO) remains unchanged at 58.5% - versus 63% before the recession
  • The number of 99ers has worsened, moving up to 1.471 million from 1.459 million

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