Increase in Structural Unemployment

It looks like the US unemployment rate will see a new normal going forward.   According to this blog from the Fed Bank of Atlanta, we’re seeing a mismatch between supply and demand for labor/jobs.  This WSJ article goes on to describe the condition.  The bottom line: there are job openings but for jobs that people do not want, for which they are over-qualified, or for which they do not have the proper technical training; and the extension of unemployment benefits may be adding to the problem.  Jobs for which many have experience are permanently gone. 

-Billy Ray

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