workforce

Is the “Skills Gap” a Myth?

Is the “Skills Gap” a Myth?

In the discussions about the sluggish economic recovery, one explanation offered quite often is that there is a mismatch between the skills required in the new economy and those available from current workers. According to this line of thinking, this so-called skills gap is dampening the US economic recovery.  In yesterday’s New York Times, Paul […]

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New Study:  Job Growth not Enough to Help Ailing Metros

New Study: Job Growth not Enough to Help Ailing Metros

According to a new study sponsored by the Fund for Our Economic Future, a foundation based in Northeast Ohio, economic development efforts that focus solely on job growth might lead to other problems for a local economy: Based on an analysis of a hundred and fifteen mid-size metropolitan areas between 1990 and 2011, What Matters […]

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Will Our Shrinking Workforce be a Bottleneck for Long-Term Economic Growth?

Will Our Shrinking Workforce be a Bottleneck for Long-Term Economic Growth?

A recent article in the Wall Street Journal describes the long-term decline in the size of the US workforce and its implications for long-term growth. [Sweeping] demographic and societal changes were driving down the participation rate long before the recession took hold. Young people are starting work later as more of them go to college. […]

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Why is the US Laborforce Shrinking?

Why is the US Laborforce Shrinking?

One of the issues that has emerged during these difficult economic times is the declining rate of laborforce participation in the US. Popular accounts typically attribute this to the severity of the recession:  unemployed folks tired of looking for jobs that weren’t there, so they just quit looking altogether.  A recent report by the Congressional […]

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