UNITED STATES: Skills mismatch feeds jobless recovery - Oxford Analytica

UNITED STATES: Skills mismatch feeds jobless recovery

1139 words — Published May 07, 2013
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Abstract:

The unemployment rate, which is calculated via a separate household survey, fell to 7.5% from 7.6% in March. While the continuing slow, steady improvement in the job market will gratify the administration and the Federal Reserve, this trend has masked the emergence of a new marginalised 'underclass' of 4.6 million workers unemployed for at least six months. As a percentage of the workforce, this exceeds the level of long-term unemployment during post-recession recoveries over the past 70 years, and could serve as a long-term drag on growth.

  
Brief Excerpt:

UNITED STATES: 'Skills mismatch' UNITED STATES: Skills mismatch feeds jobless recovery US employers added a net 165,000 positions in April, up from a revised 138,000 in March, according to the Labor Department's monthly payroll report...

  
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economy, employment, fiscal, growth, industry, ethnic, manufacturing, population
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MLA:
Oxford Analytica. "UNITED STATES: Skills mismatch feeds jobless recovery" May 07, 2013. Alacra Store. Aug 28, 2014. <http://www.alacrastore.com/storecontent/Oxford-Analytica/UNITED-STATES-Skills-mismatch-feeds-jobless-recovery-DB183149>
  
APA:
Oxford Analytica. (). UNITED STATES: Skills mismatch feeds jobless recovery May 07, 2013. New York, NY: Alacra Store. Retrieved Aug 28, 2014 from <http://www.alacrastore.com/storecontent/Oxford-Analytica/UNITED-STATES-Skills-mismatch-feeds-jobless-recovery-DB183149>
  
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