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New Yorkers making $16.08 an hour point to need for middle-​​skilled

We def­i­nitely need to be using better, more real-​​time labor-​​market infor­ma­tion about where the jobs are, and we need to do this at a very local level,” said Alicia Sasser Mod­es­tino, a former senior econ­o­mist at the Fed­eral Reserve Bank of Boston and now an asso­ciate pro­fessor at North­eastern University.

About 4.8 mil­lion jobs went unfilled in August even as 9.6 mil­lion Amer­i­cans were unem­ployed, Labor Depart­ment data show. Hiring has been slow to accel­erate, fan­ning con­cern there’s a shortage of qual­i­fied workers.

Modestino’s research found that in regions with high unem­ploy­ment in 2007 to 2012, employers “raised the bar” for edu­ca­tion and expe­ri­ence for middle-​​skill open­ings without lifting pay because they had their pick of can­di­dates. Workers now need more help spot­ting oppor­tu­ni­ties and training accord­ingly, as “the demand for skills is shifting rapidly,” she said.

Read the article at Bloomberg →

Published On: November 3, 2014 |
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