Posts Tagged ‘structural unemployment’
Structural or Cyclical?
Some argue that the unemployed have skills that are simply not needed. Thus, deficit spending will not get us out of this “structural” recession. But, if this were a “structural” problem, the unemployment rate for recent college grads would be relatively lower now than back in ’01; as that was a classical cyclical recession. But…
Read MoreBrother Can you Spare a Job?
While some are unemployed by choice and some due to a lack of necessary skills, I do not think it’s that many. Here’s why. There are 14 million unemployed and 3.1 million job openings, or 4.6 jobless workers per opening. Prior to the recession the ratio was about 1.5. In only a few industries do…
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