Could Low Educational Attainment Be Slowing the Recovery?

The employment numbers released by the Bureau of Labor Statistics on June 4, 2010, showed a large increase in temporary government employment due to the hiring of workers for the 2010 Census, but showed only a slight increase in private sector employment. The consensus view is that improvements in the labor market will lag the overall recovery, and the fear is that we could experience relatively anemic job growth similar to the two previous recession-recovery cycles. Could a mismatch between the skills and education of employees and the needs of employers be a contributing factor to the slow speed of the recovery in employment?

Daniel Hartley and Beth Mowry

Full Story: http://www.clevelandfed.org/research/trends/2010/0710/01labmar.cfm