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Are We Entering a Jobless Recovery?

Without retraining, economists warn that many Americans will not be able to find work

January 17, 2012 RSS Feed Print

"This large mass of the long-term unemployed and low-skilled workers is not going to go away," Ohanian says. "These people are not going to become reengaged in the workforce unless they retrain."

[See 6 Ways the World of Work is Changing.]

Room for growth. In past downturns when many jobs were lost, many people looked to local and state governments to provide employment. In this recession, that hasn't been the case.

"Many workers would look to government employment as a source for jobs, but with so many states under fiscal pressure, those jobs are gone," Ohanian says.

But there are areas where employment prospects are improving. Jobs in healthcare, such as nurses and rehabilitation assistants, are plentiful. The energy sector is also expanding. The demand for green energy technologies is growing, as is the natural gas exploration industry. Information technology professionals are also in high demand.

Gaining the skills to compete for these jobs is the key to leveling the playing field between those without college degree and those with a college education, Ohanian says. If laid-off workers do not commit to acquiring new skills, Ohanian warns that this economic recovery would lead to a "sharp demarcation in American society."

@davidcfrancis

Corrected on 01/19/2012: A previous version of this article misspelled the name of Thomas Donohue.

Tags:
employment,
economy,
careers,
unemployment,
hiring

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In this economy you want to keep track of the purchases you make everywhere. My family and I use the iPhone app, Purchases Tracker, to take control of our spending and cash flow. It helped us to cut out those purchases that we did not realize we were making.

Richard of CT 12:40PM May 07, 2012

Retraining is not the answer.

Neither is education for that matter.

The solution to the economic problem is to share profits with the workers who actually create the wealth. Then, corporations should get a tax credit for their generosity.

There is no reason corporations cannot share at least 20% of net profits with workers. It is a re-investment into their own company. Business and industry should get a tax break only, however, if they participate in the voluntary tax credit. Everyone wins. It is both a liberal and a conservative solution.

When more households have more money to buy "stuff", demand will grow, and jobs will return.

See the 10 reasons why at www.profitsharinguprising.com

Darian L Smith of NC 2:40PM May 04, 2012

Your leaders are millionaires and have become so by entering into back room deals aimed at monumental transfers of wealth at your expense. They have elevated themselves to levels of wealth that insulate them from the realities of a dying global middle class. Even now you can find abundant information regarding their investment of wealth into commodities to protect it from the inevitable collapse of paper currencies. The predicament they have created is no longer fixable. They have succeeded in creating a two class global society. The concerns of your children will not be retirement, successful careers or technological advancement. Their concerns will their next meal, staying warm and staying alive. Welcome to the beginning of the end.

The Nothing 11:48AM February 20, 2012

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