TheLadders urges unemployed to seek greener pastures.
“Unemployment rate goes down to 7.3%” – as I’m listening to the news on my commute to work, my mind wanders a bit about what a slow progress this has been, from 10% unemployment rate to the current 7.3%.
There are still about 9 million unemployed people in the U.S. and at the same time, 3.8 million jobs are still open.
We hear discussions in the media about skills mismatch, but is this disparity all due to skills? Geographical location must play a role, since the variation of unemployment rates across geography is very high – unemployment varies from 3% (Bismarck, ND) to 30% (Yuma, AZ).