The first chart (courtesy of Gluskin Sheff) shows that for the first time in a very long time there is literally zero inflation right now:

This is due to the simple fact that we currently have way more capacity to produce goods and services than demand for those same goods and services. 

Demand is way down because people either can't access the funds they need to consume/invest or no longer want to borrow those funds (aka, deleveraging) as shown in the chart below (courtesy of the St. Louis Fed):

The bottom line is there won't be any real recovery in economic activity, let alone the jobs market, until demand picks up. And if consumers are, indeed, focused on deleveraging right now this may take a very long time.