The Clinton Global Initiative met in Chicago this week, with a focus on job creation.
While former President Bill Clinton was there to outline a 14 step plan to create jobs in the US, the real shockers came in the form of some surprising statistics.
The former President focused on the fact that companies are hiring more slowly than in past recoveries. “Posted job openings… are being filled only half as fast as they were filled in every previous recession since World War II,” said Clinton.
Newsweek/Daily Beast writer Ross Schneiderman analyzed these comments and published “If all the posted jobs in America were suddenly filled, the unemployment rate would fall by at least 3 percentage points—enough, perhaps to make a significant psychological impact, both for the business climate and for voters in the 2012 presidential election.”
“We can argue all day about how to create new jobs,” said Michael Thurmond, former Georgia Labor Commissioner. “But we’re overlooking the fact that there are jobs … that are not filled. We talk too much about what we don’t have, and we haven’t focused our efforts on what we do have.”
It’s clear that a good part of the problem is that job training is lacking, both public job training as well as incentives to spur corporate job training.
To those who are in the job market, this isn’t an earth shattering discovery – this is what you struggle with daily.
To me, the most shocking projections came from a former member of the Clinton presidential staff, Laura Tyson (now a professor at UC Berkley), who said if the economy continues at its current pace, we will continue to have job shortages until 2023. Tyson backed this up with statistics that manufacturing jobs were down 25% since 2005 and entrepreneurship down 23%.
How many of you are waiting for the economy to recover, to get back to work?
By 2023, it will be a whole new world with new expectations, new problems and new skills needed to solve those problems. Will sitting on the sidelines, complaining about the economy help you gain those skills?
So if you’re waiting on the sidelines … or if you’re doing the same thing over and over, expecting different results (see http://www.recareered.com/blog/2010/06/11/the-definition-of-job-search-insanity-best-of-recareered/).
Alternatively, you can do something about it … That’s where reCareered can help you. Read some of the 700+ articles here to improve your job search, or attend one of our complimentary job search webinars (register at http://ResumeWebinar.com .-------------------------------------------------------------------------------------------------------------------------------------
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