The U.S. labor market is WORSE than the GFC…. only this time it’s hidden.
– July 2009 (GFC peak): 14.6M unemployed vs 2.2M jobs → 6.7 people per opening. Brutal.
– July 2025: 7.24M unemployed vs 7.18M openings → 0.99 openings per person.
Looks “better” on paper….
But…— Amanda Goodall (@thejobchick) September 4, 2025
I agree with Amanda. The labor market is worse now than during the GFC in general, and far, far worse in tech and tech-adjacent fields.
Source: I lived through it and got a tech job in a low-tech city in April of 2009, right at the worst of the fallout of the Great Recession. That would be extremely unlikely now.