Here’s some bad news for the economy, but it could be good for any company that’s hiring:
Employers have more applicants to choose from than ever before.
On average, companies are evaluating 5.4 candidates for every open job, according to data from the Bureau of Labor Statistics. That’s a record number, and pretty big jump from the previous month’s figure of 4.8.
It’s miles away from December 2007, when companies were averaging just 1.7 applicants per open job.
