Shortage of Educated Workers Boosts U.S. Joblessness
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Mismatches in supply and demand for educated workers boost U.S. unemployment and add as much as 2 percentage points to the jobless rates for some cities, according to the Brookings Institution.
Cities with larger gaps in education levels between workers and available positions have lower rates of job creation and new openings, the institution’s Jonathan Rothwell said in a report published today. San Francisco, Washington and San Jose, California, have the most demand for college graduates, according to the report.