Stars Not Aligned for Job Openings and Skills

By Lev Borodovsky
June 12, 2017 4:53 a.m. ET

Unemployment is at its lowest since 2001, yet signs point to an increasing mismatch between workers’ skills and the roles employers are seeking to fill

The Beveridge curve is suggesting that the workforce isn’t entirely satisfying the need for skills that have become more important in the post recession economy. Photo: Patrick T. Fallon/Bloomberg News

Unemployment dropped last month to its lowest level since 2001, yet wage growth is below levels seen in the late stages of previous economic expansions and underemployment remains above the lows of the previous cycles. These dissonant readings point to an increasing mismatch between workers’ skills and the roles employers are seeking to fill, a conflict measured by the Beveridge curve, which tracks the relationship between unemployment and job vacancies.

The higher level of the curve since the 2008 crisis shows the workforce isn’t entirely satisfying the need for skills that have become more important in the post recession economy… Read More Here…

Source: WSJ
 
Read more Workkel News Articles