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Puzzling through the Jobless Recovery -- Or Is It a Fundamental Shift?
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******************************** Puzzling through the Jobless Recovery -- Or Is It a Fundamental Shift? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=955 On March 5, the U.S. Labor Department announced that the U.S. economy had created only 21,000 new jobs in February, far below the 150,000 that economists had predicted. The unemployment rate held steady at 5.6%, but only because many people have given up on finding jobs. Economists and other employment experts offer a host of possible explanations but no definitive answers. What is clear, however, is that technology, productivity gains, and job shifting on a global basis are all contributing to new trends in hiring.
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