This iReport is part of an assignment:
Questions for Candy Crowley
PLENTY OF JOBS--GETTING TO THEM IS THE PROBLEM
The experts seem to overlook that nearly 1.5 percent of the unemployment rate is attributed to the recession having been focused on the housing market. Jobs are being created in great numbers. See BLS http://www.bls.gov/news.release/jolts.nr0.htm
"There were 3.6 million job openings on the last business day of August, essentially unchanged from July." However, a significant group of talent cannot move to where the jobs are located because they are unable to afford the relocation. After all, their houses are "under water." This was verified by the International Monetary Fund analysis that indicated there are “structural mismatches” in the U.S. economy that account for a significant percentage of the current unemployment rate –see IMF Survey Magazine: IMF Research GLOBAL ECONOMIC CRISIS U.S. Unemployment: Matching Skills to Jobs By Marcello Estevao and Prakash Loungani
see http://www.imf.org/external/pubs/ft/survey/so/2011/res050511a.htm
So the bigger problem is not a sluggish economy but that our economy has become immobile. The USA is a quasi-nomadic country. We move where the jobs are. Many of today’s nomads are unable to move. Why is this not an election issue? Instead of fact checking, we need to find out which facts have been overlooked. This is one of them.
"There were 3.6 million job openings on the last business day of August, essentially unchanged from July." However, a significant group of talent cannot move to where the jobs are located because they are unable to afford the relocation. After all, their houses are "under water." This was verified by the International Monetary Fund analysis that indicated there are “structural mismatches” in the U.S. economy that account for a significant percentage of the current unemployment rate –see IMF Survey Magazine: IMF Research GLOBAL ECONOMIC CRISIS U.S. Unemployment: Matching Skills to Jobs By Marcello Estevao and Prakash Loungani
see http://www.imf.org/external/pubs/ft/survey/so/2011/res050511a.htm
So the bigger problem is not a sluggish economy but that our economy has become immobile. The USA is a quasi-nomadic country. We move where the jobs are. Many of today’s nomads are unable to move. Why is this not an election issue? Instead of fact checking, we need to find out which facts have been overlooked. This is one of them.
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