A Skills Recession?

A recent article in the Huffington Post discusses the jobs outlook and suggests that the highest unemployment rate in nearly 30 years is here to stay for the forseeable future.

The fastest growing occupations require a college degree or some type of postsecondary career training, and according to another recent report out of the Annie E. Casey Foundation, there are over 88 million adults that do not have the basic skills necessary for 90 percent of the jobs in the these industries.

The current recession is unlike any that we have seen in quite a long time, and education is a critical factor in our ability to be competitive in the long run. The following chart is from the Calculated Risk Blog and depicts unemployment rate by education level.
















Will a 'Skills Recession' Prolong Unemployment Woes?

Julian L. Alssid
Posted: January 12, 2010 03:28 PM

Despite some hopeful signs of recovery in late 2009, Americans welcomed a new decade with the realization that the highest unemployment rate in nearly 30 years is here to stay, at least for the foreseeable future. In December, jobless claims unexpectedly rose, keeping the national unemployment rate at 10 percent....