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On Jobs, No Time for a Celebratory Beveridge
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The Labor Dept. shows U.S. job vacancy rate of 2.6% and 3.5 million job openings at the end of Feb. 2012. This was an increase from three million in the prior year. The job vacancy rate shows job openings as a percentage of total U.S. jobs. The large and increasing number of job vacancies suggest that there is a mismatch of skills that will take a long time to be corrected and a slower decline in the unemployment rate.
The U.S. job vacancy rate with 3.5 million openings in Feb. 2012 and the high unemployment rate showing a mismatch of skills
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