In the News:
Economic headlines were dominated by stimulus spending, which was praised for going in the right direction by most commentators. The Atlantic Wire collected a number of reactions here.
Back in mid-August, Narayana Kocherlakota (the President of the Federal Reserve Bank of Minneapolis), introduced the term “mismatch” in terms of the kind of workers employers want vs. the kind of workers available (i.e. “Firms have jobs, but can’t find appropriate workers. The workers want to work, but can’t find appropriate jobs.”). He went on to say that most of current unemployment represents mismatch, and that current unemployment was “not readily amenable to monetary policy.”
This week, Daniel Gros talked about the “Skills Deficit,” and brought up the mismatch between the skills sought by the export-driving industries, and the skills present in the US workforce.
From our desks:
- All baby boomers are not spread equally: We mapped out numbers and concentrations of baby boomers around the US. Oddly, the farther North you go, the more concentrated they become.
- The beta version of our upcoming 3rd-quarter employment data series is now online for our clients.
- A double scoop sundae for grant writers: Tom Prendergast and Betty Wells from North Central State College (Ohio) served up some fantastic advice for grant writers, and then our video production crew turned that advice into a video, in addition to a how-to video on easily pulling data for grant proposals.
On our desks:
- The Provost for Miami Dade College had a great interview about how their college has experienced and is changing in the face of the recession.