Monday July 25, 2011
The unemployment picture turned worse at the beginning of may and continues to do so.
This report on long term unemployment is a must read for students.
Since the collapse in 2008, the number of jobs available each month is much lower. Meanwhile the number of people looking for jobs who lost a job continues to grow. AND there are more new would be workers (college and high school grads as well as school drop outs over 18) entering the job hunt.
The result is a deficit of jobs available versus the number of people looking.Clearly this will be a huge drag on the economy. The US is far short in the job creation necessary to just get us back to pre 208 levels.
I have emphasized the importance of obtaining professional certifications. This report backs me up!
Professor Elam 
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