Rich DeFalco, president of West Cooper Asset Management, pointed out that the labor statistics also show that the number of unemployed persons is still at 14.0 million, essentially unchanged in September, and the unemployment rate is 9.1% percent.
Data on the proportion of persons aged 25-64 who have completed upper secondary education show that the United States, with 86 percent, ranks highest among 26 industrial countries.
Data compiled by Winship show that, for the past 60 years, the ratio of unemployed persons to job openings typically dipped below 1:1 during economic expansions, rarely exceeded 2:1 even during recessions, and never reached 3:1.