Sunday, March 29, 2015

http://www.economist.com/news/briefing/21607810-new-figures-show-speed-which-americas-economy-can-grow-without-stoking-inflation-has

Following up on my previous post I wanted to find more information on the employment status that America has up to date and I found a fairly recent article....

"Recent data have prompted a reappraisal. Not only has unemployment fallen rapidly, broader measures of underemployment which include the unemployed who have given up looking for work have fallen even further. Yet participation has not risen. Meanwhile, employers are having more trouble filling jobs: in May 3.2% of all jobs went vacant, close to a seven-year high, suggesting the jobless lack the skills that employers are looking for.

AMERICAN workers have had no news this good for years. In June employers added 288,000 jobs, bringing the total for the year to 1.4m, the best six-month stretch since 2006. Unemployment has sunk to 6.1%, the lowest rate in almost six years. It could hit levels long regarded as “full employment” within a year. Help-wanted signs are proliferating, with vacancies up by 20% since January."





This post from "The Economist" posted on July of 2014 states some statistics that imply that there are jobs out there but maybe not for people with no education. And as I mentioned before, maybe some of the resources that the government are using for welfare participants can be used in training for jobs that are actually booming in the market. Some jobs only need a few months to a year in training, and most of the welfare participants receive aid for the same amount of time, why wouldn't it be a good idea to require welfare participants and MOSTLY UNEMPLOYMENT RECIPIENNTS to go through a course that helps them get a job.

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