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Why Are So Many Jobs Going Unfilled? (If Unemployment is so high)
Washington Post ^ | 06/20/2011 | Robert Samuelson

Posted on 06/20/2011 4:46:39 AM PDT by SeekAndFind

One puzzle of this somber economy is the existence of unfilled jobs in the midst of mass unemployment. You might think (I did) that with almost 14 million Americans unemployed - and nearly half those for more than six months - that companies could fill almost any opening quickly. Not so. Somehow, there's a mismatch between idle workers and open jobs. Economists call this "structural unemployment."

Just how many jobs are affected is unclear; there are no definitive statistics. Economist Harry Holzer of Georgetown University thinks the unemployment rate might be closer to 8 percent than today's 9.1 percent if most of these jobs were filled. That implies up to 1.5 million more jobs. Economist Prakash Loungani of the International Monetary Fund estimates that 25 percent of unemployment is structural; that's more than 3 million jobs. A recent survey of 2,000 firms by the McKinsey Global Institute, a research group, found that 40 percent had positions open at least six months because they couldn't find suitable candidates.

Let's acknowledge two realities. First, though structural joblessness is important, the main cause of high unemployment remains the deep slump. In the recession, jobs dropped 20 percent in construction, 15 percent in manufacturing and 7 percent in retailing. Only a stronger economy can remedy this unemployment.

Second, a big economy like ours always has some vacancies. People quit or get fired. Hiring procedures grind slowly. Some highly specialized jobs are inherently hard to fill: say, a transportation engineer fluent in both Chinese and English (a real-life example).

Still, the job mismatch hobbles recovery and bodes ill. The harder it is for workers to find jobs, the longer they stay unemployed - and this, in turn, worsens their prospects. "Long-term unemployment sends a negative signal to employers: What's wrong with this person?" says Holzer.

(Excerpt) Read more at realclearmarkets.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: helpwanted; jobs; unemployment; unfilled
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To: sportutegrl

Just go to the petroleum sites all kinds of jobs...most overseas..


51 posted on 06/20/2011 7:58:55 AM PDT by Hojczyk
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To: ExTxMarine
Well it depends on your skill set. I took a demotion at work to actual create and write code again. Taught myself UML, C#, T-SQL. I begged to get on this new project at work. 3 years later, I am seasoned and know my stuff and very marketable. My goal in mid 40’s is MY OWN business, I have a consulting biz on the side and just signed my first 100 hour contract at 100 per hour. I also have gotten damn good at Internet Marketing and SEO and make about $1200 a month in passive income from about 12 websites which I run. The future is not about punching a clock but maybe having 2-3 par-time well paying gigs which can put food on the table. I give myself 24 months and I am cutting the cord forever.

Our company has a policy in which we don't hire recent college grads and that means basically if you are less than 4 years out of school, don't bother. For every Jeff Zuckerberg you have 10,000 cubicle jockeys who simply want to get to 5pm and start their alcohol fueled rutting rituals. I think we are like that John Grisham novel The Firm now, you have to be married, stable and not wear a faux hawk or have multiple visible tatoos.

52 posted on 06/20/2011 8:10:50 AM PDT by pburgh01
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To: SeekAndFind

The company that my husband works for is looking for engineers, all kinds of engineers.


53 posted on 06/20/2011 8:13:44 AM PDT by Eva
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To: EBH

Part of the Obama education agenda, claims that it is racist to require a college degree for a job that could learned through on the job training because more White people go to college than Black or other minority.That was actually put into writing in the Seattle school district.


54 posted on 06/20/2011 8:20:31 AM PDT by Eva
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To: pburgh01
Well it depends on your skill set.

Remember, I was talking about the dot-com bubble about ten years ago. And trust me, it did not matter WHAT skills you had, if you didn't have a sheepskin or you weren't the ONLY person to know how to run your program/computer/network, you were pretty much pushed out the door. Most of the people on here who were in the computer industry during that time will tell you the same. Back then, GTE/Verizon laid off 350 people in one week and then EXACTLY two weeks later they sponsored 400 work visas for the same jobs!

I understand your plight (good luck on your plan), I taught myself Visual Basic, C, C++, C#, UNIX/LINUX, etc... but because I didn't have a degree, I was over the cost allotment for employees without a degree. Bottom line, it was cheaper to hire a newly minted, college graduate than to keep me and pay for my seniority.

I still do programming/networking on the side and I make descent profit from those side jobs. I also use those skills to help in my current career. I have created many programs, databases and interfaces that allow me and my company to track various aspects across our entire national footprint. Simple programs and interfaces, but there were no COTS solutions available.
55 posted on 06/20/2011 8:58:14 AM PDT by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: ExTxMarine
I think alot of those overseas jobs in IT are coming back. I know we had a footprint in Bangalore in Mumbai of about 40 contractors whose sole job it was to maintain our legacy code and they really mucked it up. As of July we have no overseas contracted programmers, QA or PM positons. We did not get 200 per hour work, we got what we paid for 40 bucks an hour. It took 5 Indians what 1 American could do. Nice folks over there, but they need to hand held through everything, 0 initiative and self starter instincts in them. We had one guy who came over to America, got a work VISA, became their boss and we retained him. He is now applying to become a citizen and he had become Americanized.
56 posted on 06/20/2011 12:10:31 PM PDT by pburgh01
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To: pburgh01
I'm working (temp) as an on-site admin for the off-site recruiter. Because I'm on-site, I attend the wrap-up meetings to discuss the candidate. I often hear, "We need someone who can hit the ground running." They don't want to train anyone, they think they don't have the time, so they insist upon someone with a very narrow experience range. And they rarely find it.

It isn't good enough to have sales/marketing experience in a similar field; they want someone who knows their products, has contacts in that industry.

The good news is the longer they take to fill these reqs, the longer I have a job.

57 posted on 06/25/2011 6:35:13 AM PDT by Dianna
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