One explanation for the stubbornly high unemployment rate is that businesses simply can't find workers with the right skills to take the jobs. On Sunday, the Washington Post reported as many as 600,000 jobs are unfilled in the manufacturing industry, despite millions of jobs lost in the past decade. Some experts call this claim "deeply misleading," reports Lila Shapiro for Huffington Post.
Employers have been complaining for years now that the US is short of skilled workers, which is fast becoming the conventional wisdom explanation for persistently high unemployment. After all, there are currently more job openings t... Read Post
Here’s one explanation for our stubbornly high unemployment rate: A construction worker gets laid off and spends months looking for more construction work, rather than readjust his expectations and acquire new skills to find work in... Read Post
The February jobs report is out, and it was solid. The U.S. Bureau of Labor Statistics reported that 175,000 workers were added to nonfarm payrolls in February, above Wall Street's estimate of 149,000. The unemployment rate climbed ... Read Post