“Shrinking job opportunities have assailed virtually every industry this year. Since the end of 2008, job openings have diminished 47 percent in manufacturing, 37 percent in construction and 22 percent in retail. Even in education and health services — faster-growing areas in which many unemployed people have trained for new careers — job openings have dropped 21 percent this year. Despite the passage of a stimulus spending package aimed at shoring up state and local coffers, government job openings have diminished 17 percent this year.”
Today, I wanted to direct your attention to a visualization of that, showing where those unemployed persons came from, via Many Eyes. Perhaps this helps to explain why the number of openings remains relatively low: Firms are still reducing headcount (nice euphemism), and not yet hiring.
You can change this to sector, company, etc. Scroll over the bubbles to see the exact numbers laid off in each firm:
click for interactive chart
Layoffs in the United States and more Many eyes, 3/6/09 http://manyeyes.alphaworks.ibm.com/manyeyes/visualizations/layoffs-in-the-united-states-and-m
U.S. Job Seekers Exceed Openings by Record Ratio PETER S. GOODMAN NYT, September 26, 2009 http://www.nytimes.com/2009/09/27/business/economy/27jobs.html
Originally published at The Big Picture and reproduced here with the author’s permission.