tag:blogger.com,1999:blog-11027528911364475.post2963142203269127187..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Where are those jobs at?Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11027528911364475.post-11419537858246153922010-07-07T15:12:24.788-07:002010-07-07T15:12:24.788-07:00Overcapacity on all levels with only those jobs im...Overcapacity on all levels with only those jobs immune to economic slowdowns (government) able to stay the course. The US is too highly dependant on the fiancial sector and asset prices and have ignored structural changes to things like job markets (many others) for 20 years. How else can one explain indices close to highs a while back when 9 million plus people have lost a job?EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-35539337790964744472010-07-07T15:01:01.301-07:002010-07-07T15:01:01.301-07:00OK, point taken, it is interesting that there is n...OK, point taken, it is interesting that there is no place where the economy is really booming. And I would even agree that the lack of jobs overall is, of course, the main issue.<br /><br />But this doesn't disprove that there is a labor mobility issue as well. There <b>are</b> some jobs that aren't getting filled, and an important question is why. <br /><br />In a 31 March speech, Dennis Lockhart of FRB Atlanta said, "In 2008, the percentage of individuals living in a county or state different than the previous year was the lowest recorded in more than 50 years of data." While that (and other) evidence of a lack of labor mobility is circumstantial, it seems fairly convincing.Jim Ficketthttp://www.clearonmoney.comnoreply@blogger.com