If you use the broadest measure of unemployment (U-6) there are 10.9 unemployed workers per job opening in America. That’s ugly:

unemployed-per-job

Anecdotal evidence – GE recently got 10,000 applications when they posted 90 factory jobs paying $13/hr.

In the latest sign of weakness in Louisville-area employment, about 10,000 people applied over three days for 90 jobs building washing machines at General Electric for about $27,000 per year and hefty benefits.

Full article here

Chart via Econompic, data from BLS.