Thomas Lunde wrote,
>If we look at the ratio of applicants to demand, we find that dividing
>45,000 into 1,200, we get approximately 2% demand for labour against a pool
>of 98% supply. Perhaps some of the more qualified people on this list
>could explain economic reality to me in a layman's manner so I can
>understand why our economy is so good and unemployment is going down
>because of all the jobs being created? I'm very confused.
There was a similar story a few years back about tens of thousands of people
lining up to apply for perhaps a thousand jobs. I believe it was at General
Motors in Windsor. It turned out that a few months later GM dropped its
hiring plans.
Regards,
Tom Walker
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