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Skills Mismatch

All articles tagged with #skills mismatch

economy-and-labor-market1 year ago

"College Degrees Struggle to Match Job Market Demands for Recent Grads"

Recent college graduates are struggling to find jobs despite having degrees, as the current job market favors roles that do not require a bachelor's degree. Labor analysts note a bifurcation in the labor market, with high demand in trades and service industries but fewer opportunities for degree holders. Experts suggest that focusing solely on degree attainment is insufficient, emphasizing the importance of soft skills and adaptability. The job market's complexity and evolving requirements are causing frustration and mental health challenges among new grads.

via CNBC|
#college-graduates#economy-and-labor-market#employment-trends
economy2 years ago

Colorado's Job Market: A Disconnect Between Job Openings and Unemployment Rates

Colorado is experiencing a disconnect between its 190,000 job openings and 95,000 unemployed people, leading economists to suggest a shortage of able-bodied workers. The state's labor market is tight, with a rate of about 2 or 2.5 job openings per unemployed worker, higher than pre-pandemic levels. The mismatch between the skills required in unfilled jobs and the skills of job seekers, as well as the lack of childcare options for women with children, may be contributing factors. The state's labor force is the largest it has ever been, but the participation rate is lower than in the past, particularly among parents and those with lower levels of education. Solutions proposed include reassessing job requirements and reaching out to underemployed individuals to bridge the gap between labor supply and demand.

via The Colorado Sun|
#colorado#economy#job-market