Authored by Mike Shedlock via MishTalk.com,
Illinois, Alabama, Connecticut, Michigan, Mississippi, New Mexico, Ohio, and Wyoming are the only states that still have not regained employment lost during the Great Recession or prior recessions.
The Wall Street Journal comments These Eight States Still Haven’t Regained All Their Lost Jobs.
Bill Polacek runs a manufacturing company in Western Pennsylvania. Even though a glut in new construction projects has dried up work for tradesmen, Polacek said he struggled to find qualified welders a few years back when he had a large number of jobs to fill. Polacek interviewed 350 people to fill openings for 50 welders and machinists at his Johnstown, Pennsylvania-based manufacturing company. But he quickly found the number of qualified candidates dwindling to the point where the number of open jobs was higher than the applicants qualified to fill them. The reason?
We spend a lot of time talking about the public pension crisis because, well, it's a massive $5 - $8 trillion dollar overhang on the economy and one which will undoubtedly result in some heartache for investors at some point in the future. Unfortunately, there are some problems that are too large for even U.S. taxpayers to fix and, with an underfunding of $52,000 (mid-point) per household, somehow we suspect this is one of them.
Authored by Mike Krieger via Liberty Blitzkrieg blog,
Authored by Lance Roberts of Real Investment Advice,
Just recently, Bloomberg ran a fascinating article discussing a new study from the McKinsey Institute.
“American manufacturing could be poised to rebound as technological disruption shakes up global production chains, but that will offer little relief to displaced factory workers, according to new research by the McKinsey Global Institute.